TH International (NASDAQ:THCH) Trading Down 2.7% – Here’s Why

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

TH International Trading Down 2.7 %

The company has a market capitalization of $145.35 million, a P/E ratio of -1.72 and a beta of 0.33. The business has a 50 day moving average price of $0.74 and a 200 day moving average price of $0.76.

TH International (NASDAQ:THCH) last released its quarterly earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $50.48 million during 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 acquired a new position in shares of TH International Limited (NASDAQ:THCH) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 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.