TH International (NASDAQ:THCH) Shares Up 1.2% – Time to Buy?

TH International Limited (NASDAQ:THCH) shares rose 1.2% on Thursday . The company traded as high as $3.38 and last traded at $3.25. Approximately 9,332 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 19,407 shares. The stock had previously closed at $3.21.

TH International Trading Up 1.2 %

The business’s 50 day moving average price is $11.06 and its two-hundred day moving average price is $15.35. The company has a market capitalization of $107.84 million, a price-to-earnings ratio of -1.27 and a beta of 0.54.

TH International (NASDAQ:THCH) last issued its earnings results on Tuesday, November 12th. The company reported ($1.00) earnings per share for the quarter. The business had revenue of $51.28 million for 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 purchased a new position in shares of TH International Limited (NASDAQ:THCH) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 50,122 shares of the company’s stock, valued at approximately $41,000. 91.85% of the stock is owned by hedge funds and other institutional investors.

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.