TH International (NASDAQ:THCH) Shares Up 8.8% – Here’s What Happened

TH International Limited (NASDAQ:THCH) traded up 8.8% during mid-day trading on Thursday . The company traded as high as $2.74 and last traded at $2.61. 33,615 shares were traded during mid-day trading, an increase of 403% from the average session volume of 6,687 shares. The stock had previously closed at $2.40.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

TH International Trading Up 8.8%

The stock’s 50-day moving average price is $2.55 and its 200-day moving average price is $2.70. The stock has a market cap of $86.60 million, a price-to-earnings ratio of -1.72 and a beta of 0.54.

TH International (NASDAQ:THCH) last released its earnings results on Tuesday, August 26th. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.17). The company had revenue of $48.72 million for the quarter, compared to analyst estimates of $53.98 million.

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.