TH International (NASDAQ:THCH) Trading Down 2.7% – Here’s Why

TH International Limited (NASDAQ:THCHGet Free Report)’s share price traded down 2.7% during mid-day trading on Tuesday . The company traded as low as $0.80 and last traded at $0.88. 211,657 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 222,512 shares. The stock had previously closed at $0.90.

TH International Stock Down 2.7 %

The stock has a 50 day moving average price of $0.74 and a 200 day moving average price of $0.76. The stock has a market capitalization of $145.35 million, a price-to-earnings ratio of -1.72 and a beta of 0.33.

TH International (NASDAQ:THCHGet Free Report) last posted its quarterly earnings data on Thursday, August 29th. The company reported ($0.04) EPS for the quarter. The company had revenue of $50.48 million during the quarter.

Institutional Investors Weigh In On TH International

An institutional investor recently bought a new position in TH International stock. Jane Street Group LLC acquired a new position in TH International Limited (NASDAQ:THCHFree Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 50,122 shares of the company’s stock, valued at approximately $41,000. Institutional investors and hedge funds own 91.85% of the company’s stock.

TH International Company Profile

(Get Free Report)

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.

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