TH International (NASDAQ:THCH) Stock Price Down 7.4% – Should You Sell?

Shares of TH International Limited (NASDAQ:THCH) dropped 7.4% on Wednesday . The stock traded as low as $1.70 and last traded at $1.63. Approximately 7,838 shares changed hands during mid-day 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 upgraded TH International from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, April 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

TH International Trading Up 1.9%

The company has a market cap of $54.85 million, a price-to-earnings ratio of -0.78 and a beta of 0.50. The stock’s 50-day moving average is $1.79 and its 200-day moving average is $1.97.

Hedge Funds Weigh In On TH International

An institutional investor recently raised its stake in TH International stock. Citadel Advisors LLC increased its position in TH International Limited (NASDAQ:THCH) by 51.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,033 shares of the company’s stock after buying an additional 9,227 shares during the period. Citadel Advisors LLC owned 0.08% of TH International worth $71,000 at the end of the most recent reporting period. 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.