TH International (NASDAQ:THCH) Stock Price Down 2.7% – What’s Next?

TH International Limited (NASDAQ:THCH)’s stock price was down 2.7% on Tuesday . The stock traded as low as $0.80 and last traded at $0.88. Approximately 211,657 shares were traded during mid-day trading, a decline of 5% from the average daily volume of 222,512 shares. The stock had previously closed at $0.90.

TH International Price Performance

The stock has a fifty day moving average price of $0.75 and a two-hundred day moving average price of $0.76. The company has a market cap of $153.76 million, a P/E ratio of -1.82 and a beta of 0.33.

TH International (NASDAQ:THCH) last posted its quarterly earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $50.48 million during the quarter.

Institutional Investors Weigh In On TH International

A hedge fund recently bought a new stake in TH International stock. Jane Street Group LLC purchased a new position in TH International Limited (NASDAQ:THCH) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 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

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.