TH International (NASDAQ:THCH) Posts Quarterly Earnings Results, Meets Estimates

TH International (NASDAQ:THCH) issued its earnings results on Tuesday. The company reported ($0.25) EPS for the quarter, hitting the consensus estimate of ($0.25), FiscalAI reports. The firm had revenue of $40.24 million during the quarter, compared to analysts’ expectations of $42.14 million.

TH International Price Performance

THCH stock opened at $1.70 on Tuesday. TH International has a 1 year low of $1.24 and a 1 year high of $3.25. The firm has a 50-day moving average of $1.72 and a 200 day moving average of $1.90. The company has a market cap of $56.51 million, a P/E ratio of -0.80 and a beta of 0.50.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TH International in a report on Friday, July 24th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in TH International stock. Citadel Advisors LLC lifted its position in shares of TH International Limited (NASDAQ:THCH) by 51.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,033 shares of the company’s stock after purchasing an additional 9,227 shares during the quarter. Citadel Advisors LLC owned about 0.08% of TH International worth $71,000 as of its most recent filing with the Securities & Exchange Commission. 91.85% of the stock is currently owned by institutional investors and hedge funds.

About TH International

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.