TH International (NASDAQ:THCH) Shares Up 2.8% – What’s Next?

TH International Limited (NASDAQ:THCH) shares shot up 2.8% on Wednesday . The stock traded as high as $2.16 and last traded at $2.0350. 44,361 shares traded hands during trading, an increase of 922% from the average session volume of 4,342 shares. The stock had previously closed at $1.98.

Wall Street Analyst Weigh In

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

TH International Price Performance

The firm has a market capitalization of $67.65 million, a PE ratio of -1.08 and a beta of 0.52. The company has a fifty day moving average of $2.09 and a 200-day moving average of $2.24.

Hedge Funds Weigh In On TH International

An institutional investor recently raised its position in TH International stock. Citadel Advisors LLC boosted its holdings in shares of TH International Limited (NASDAQ:THCH) by 51.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,033 shares of the company’s stock after buying an additional 9,227 shares during the quarter. Citadel Advisors LLC owned about 0.08% of TH International worth $71,000 at the end of the most recent quarter. Hedge funds and other 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.