TH International (NASDAQ:THCH) Share Price Breaks Above Fifty Day Moving Average – Here’s Why

TH International Limited (NASDAQ:THCH) shares passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $1.23 and traded as high as $1.49. TH International shares last traded at $1.29, with a volume of 12,217 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of TH International in a research note on Thursday, October 22nd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.

TH International Price Performance

The company’s 50-day moving average price is $1.23 and its 200-day moving average price is $1.73. The company has a market cap of $42.88 million, a P/E ratio of -0.58 and a beta of 0.51.

TH International (NASDAQ:THCH) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate 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.

TH International was established through a partnership between Restaurant Brands International Inc, the parent company of Tim Hortons, and Cartesian Capital Group.