TH International (NASDAQ:THCH) Trading 1.2% Higher – What’s Next?

Shares of TH International Limited (NASDAQ:THCH) shot up 1.2% during mid-day trading on Thursday . The stock traded as high as $3.38 and last traded at $3.25. 9,332 shares were traded during trading, a decline of 52% from the average session volume of 19,407 shares. The stock had previously closed at $3.21.

TH International Price Performance

The company has a market cap of $107.84 million, a price-to-earnings ratio of -1.27 and a beta of 0.54. The business’s fifty day moving average price is $11.06 and its 200 day moving average price is $15.35.

TH International (NASDAQ:THCH) last announced its earnings results on Tuesday, November 12th. The company reported ($1.00) earnings per share (EPS) for the quarter. The company had revenue of $51.28 million during the quarter.

Hedge Funds Weigh In On TH International

A hedge fund recently bought a new stake in TH International stock. Jane Street Group LLC purchased a new position in shares of TH International Limited (NASDAQ:THCH) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 50,122 shares of the company’s stock, valued at approximately $41,000. 91.85% of the stock is currently owned by institutional investors.

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.