Shares of Chagee Holdings Ltd. (NASDAQ:CHA - Get Free Report) traded down 6.6% during mid-day trading on Friday . The company traded as low as $28.88 and last traded at $28.93. 1,114,341 shares changed hands during trading, a decline of 32% from the average session volume of 1,646,472 shares. The stock had previously closed at $30.98.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of Chagee from a "hold" rating to a "buy" rating in a research report on Wednesday.
View Our Latest Research Report on CHA
Chagee Stock Down 7.9%
Chagee (NASDAQ:CHA - Get Free Report) last posted its quarterly earnings results on Friday, May 30th. The company reported $0.54 earnings per share (EPS) for the quarter. The company had revenue of $467.53 million for the quarter.
About Chagee
(
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Our Mission With every cup of our tea, we aspire to foster a global connection of people and cultures. Our Vision To modernize the tea-drinking experience through technology and innovation. Our Core Values “Customer First” is the foundational philosophy of how we make decisions and run our business. “Caring for Partners” is the core value that defines how we interact with consumers, franchise partners, suppliers, and employees.
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