TH International (NASDAQ:THCH) Trading Down 7.4% – Here’s Why

TH International Limited (NASDAQ:THCH)’s share price traded down 7.4% on Wednesday . The company traded as low as $1.70 and last traded at $1.63. Approximately 7,838 shares were traded during trading, an increase of 18% from the average session volume of 6,633 shares. The stock had previously closed at $1.76.

Analyst Ratings Changes

Separately, Weiss Ratings raised TH International from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, TH International currently has a consensus rating of “Sell”.

TH International Stock Performance

The stock has a market capitalization of $54.18 million, a P/E ratio of -0.77 and a beta of 0.50. The business has a fifty day simple moving average of $1.79 and a 200-day simple moving average of $1.98.

Institutional Inflows and Outflows

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

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.