TH International (NASDAQ:THCH) Trading Down 2.7% – Here’s What Happened

TH International Limited (NASDAQ:THCH) dropped 2.7% on Tuesday . The company traded as low as $0.80 and last traded at $0.88. Approximately 211,657 shares were traded during trading, a decline of 5% from the average daily volume of 222,512 shares. The stock had previously closed at $0.90.

TH International Price Performance

The stock’s fifty day moving average is $0.75 and its 200-day moving average is $0.76. The stock has a market capitalization of $153.76 million, a PE ratio of -1.82 and a beta of 0.33.

TH International (NASDAQ:THCH) last announced its quarterly earnings results on Thursday, August 29th. The company reported ($0.04) earnings per share for the quarter. The business had revenue of $50.48 million for the quarter.

Institutional Trading of TH International

An institutional investor recently bought a new position in TH International stock. Jane Street Group LLC purchased a new stake in shares of TH International Limited (NASDAQ:THCH) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 50,122 shares of the company’s stock, valued at approximately $41,000. 91.85% of the stock is 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.