TH International (NASDAQ:THCH) Shares Up 8.8% – Here’s What Happened

TH International Limited (NASDAQ:THCH) shares shot up 8.8% on Thursday . The company traded as high as $2.74 and last traded at $2.61. 33,615 shares traded hands during mid-day trading, an increase of 403% from the average session volume of 6,687 shares. The stock had previously closed at $2.40.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

TH International Trading Up 8.8%

The firm’s 50-day moving average is $2.55 and its 200 day moving average is $2.70. The firm has a market capitalization of $86.60 million, a price-to-earnings ratio of -1.72 and a beta of 0.54.

TH International (NASDAQ:THCH) last posted its earnings results on Tuesday, August 26th. The company reported ($0.17) EPS for the quarter, hitting the consensus estimate of ($0.17). The business had revenue of $48.72 million for the quarter, compared to analyst estimates of $53.98 million.

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.