TH International (NASDAQ:THCH) Stock Price Up 6.3% – Time to Buy?

TH International Limited (NASDAQ:THCH) shares rose 6.3% during mid-day trading on Monday . The company traded as high as $2.25 and last traded at $2.2110. Approximately 6,445 shares traded hands during trading, an increase of 48% from the average daily volume of 4,357 shares. The stock had previously closed at $2.08.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TH International in a report on Thursday, January 22nd. One equities research 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 Trading Up 6.3%

The stock has a market capitalization of $73.50 million, a P/E ratio of -1.55 and a beta of 0.51. The business has a 50-day moving average price of $2.00 and a 200 day moving average price of $2.31.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TH International stock. Citadel Advisors LLC grew its position in shares of TH International Limited (NASDAQ:THCH) by 51.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 27,033 shares of the company’s stock after acquiring an additional 9,227 shares during the quarter. Citadel Advisors LLC owned about 0.08% of TH International worth $71,000 at the end of the most recent reporting period. 91.85% of the stock is currently owned by hedge funds and other institutional investors.

About TH International

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.