TH International (NASDAQ:THCH) Shares Down 0.8% – Time to Sell?

TH International Limited (NASDAQ:THCH)’s stock price traded down 0.8% on Wednesday . The stock traded as low as $2.54 and last traded at $2.60. 3,799 shares were traded during trading, a decline of 74% from the average session volume of 14,479 shares. The stock had previously closed at $2.62.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of TH International in a research note on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat, TH International currently has an average rating of “Sell”.

TH International Price Performance

The business has a 50 day simple moving average of $2.60 and a 200 day simple moving average of $2.71. The stock has a market cap of $86.28 million, a PE ratio of -1.71 and a beta of 0.54.

TH International (NASDAQ:THCH) last issued its earnings results on Tuesday, August 26th. The company reported ($0.17) EPS for the quarter, meeting analysts’ consensus estimates of ($0.17). The firm had revenue of $48.72 million during the quarter, compared to analysts’ expectations of $53.98 million.

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.