TH International (NASDAQ:THCH) Shares Up 22% – Still a Buy?

TH International Limited (NASDAQ:THCH) rose 22% during mid-day trading on Tuesday . The stock traded as high as $1.99 and last traded at $1.91. 29,965 shares were traded during mid-day trading, an increase of 313% from the average daily volume of 7,264 shares. The stock had previously closed at $1.5650.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded TH International from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, April 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

TH International Price Performance

The firm has a market capitalization of $58.50 million, a price-to-earnings ratio of -0.83 and a beta of 0.50. The business’s 50-day moving average price is $1.87 and its 200 day moving average price is $2.03.

TH International (NASDAQ:THCH) last released its quarterly earnings results on Tuesday, April 14th. The company reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.15). The company had revenue of $44.09 million for the quarter, compared to analyst estimates of $51.22 million.

Institutional Inflows and Outflows

An institutional investor recently raised its position in TH International stock. Susquehanna International Group LLP boosted its holdings in TH International Limited (NASDAQ:THCH) by 170.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,743 shares of the company’s stock after purchasing an additional 18,731 shares during the period. Susquehanna International Group LLP owned about 0.09% of TH International worth $78,000 at the end of the most recent reporting period. Institutional investors 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.