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

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TH International in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

TH International Trading Up 9.6%

The firm’s 50 day moving average is $2.09 and its 200 day moving average is $2.37.

TH International (NASDAQ:THCH) last posted its quarterly earnings results on Tuesday, December 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.09). The business had revenue of $50.29 million during 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 raised its position in shares of TH International Limited (NASDAQ:THCH) by 170.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,743 shares of the company’s stock after buying an additional 18,731 shares during the quarter. Susquehanna International Group LLP owned 0.09% of TH International worth $78,000 at the end of the most recent quarter. Institutional investors and hedge funds own 91.85% of the company’s stock.

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.