TH International (NASDAQ:THCH) Stock Price Down 4.7% – Should You Sell?

TH International Limited (NASDAQ:THCH) was down 4.7% during trading on Monday . The company traded as low as $1.99 and last traded at $2.04. Approximately 1,279 shares changed hands during mid-day trading, a decline of 77% from the average daily volume of 5,643 shares. The stock had previously closed at $2.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

TH International Stock Down 4.7%

The firm’s 50 day moving average price is $2.10 and its 200-day moving average price is $2.38.

TH International (NASDAQ:THCH) last announced its quarterly earnings results on Tuesday, December 9th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.09). The company had revenue of $50.29 million for the quarter, compared to the consensus estimate of $55.48 million.

Institutional Trading of TH International

An institutional investor recently raised its position in TH International stock. Susquehanna International Group LLP lifted its holdings in TH International Limited (NASDAQ:THCH) by 170.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,743 shares of the company’s stock after purchasing an additional 18,731 shares during the quarter. Susquehanna International Group LLP owned 0.09% of TH International worth $78,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 91.85% of the stock is currently owned by institutional investors and hedge funds.

TH International Company Profile

TH International Limited operates Tim Hortons coffee shops in mainland China, Hong Kong, and Macau. The company offers brewed tea, coffee, milk tea, lemonade, hot chocolate, and coffee drinks. It is also involved in franchise related business. The company is based in Shanghai, the People's Republic of China.