TH International (NASDAQ:THCH) Shares Up 0.6% – Here’s Why

TH International Limited (NASDAQ:THCH)’s stock price shot up 0.6% during trading on Monday . The company traded as high as $3.27 and last traded at $3.20. 6,324 shares were traded during mid-day trading, a decline of 84% from the average session volume of 39,965 shares. The stock had previously closed at $3.18.

TH International Price Performance

The business has a fifty day moving average of $3.74 and a 200 day moving average of $13.16. The stock has a market cap of $106.19 million, a price-to-earnings ratio of -1.25 and a beta of 0.52.

Institutional Investors Weigh In On TH International

An institutional investor recently bought a new position in TH International stock. Jane Street Group LLC bought a new position in shares of TH International Limited (NASDAQ:THCH) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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.