TH International (NASDAQ:THCH) Stock Crosses Above 50-Day Moving Average – Time to Sell?

TH International Limited (NASDAQ:THCH) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $1.23 and traded as high as $1.33. TH International shares last traded at $1.24, with a volume of 7,823 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings cut TH International from a “sell (e+)” rating to a “sell (e)” rating in a research report on Thursday. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, TH International presently has a consensus rating of “Sell”.

TH International Stock Down 3.6%

The company has a fifty day moving average of $1.22 and a two-hundred day moving average of $1.69.

TH International (NASDAQ:THCH) last announced its quarterly earnings results on Tuesday, August 18th. The company reported ($0.25) EPS for the quarter, meeting the consensus estimate of ($0.25). The company had revenue of $40.24 million for the quarter, compared to analyst estimates of $42.14 million.

About TH International

TH International Limited is the master franchisee and exclusive operator of Tim Hortons coffee shops in China. The company develops and operates the Tim Hortons China business, serving coffee, tea, baked goods, breakfast items, sandwiches and other food products through its restaurants and digital ordering channels. Tim Hortons China opened its first location in Shanghai in 2019. Since then, the business has focused on expanding the Tim Hortons brand across mainland China, adapting its menu and store formats to local consumer preferences while maintaining the brand’s core coffee and food offerings.