Chagee Holdings Ltd. (NASDAQ:CHA - Get Free Report) fell 6.6% during mid-day trading on Friday . The stock traded as low as $28.88 and last traded at $28.93. 1,114,341 shares changed hands during mid-day 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
A number of research analysts have weighed in on CHA shares. Morgan Stanley began coverage on Chagee in a report on Monday. They set an "overweight" rating and a $37.50 target price for the company. Wall Street Zen raised Chagee from a "hold" rating to a "buy" rating in a research note on Wednesday, May 28th.
Read Our Latest Stock Report on Chagee
Chagee Stock Down 1.1%
Chagee (NASDAQ:CHA - Get Free Report) last posted its quarterly earnings results on Friday, May 30th. The company reported $0.54 EPS for the quarter. The firm had revenue of $467.53 million for the quarter.
Chagee Company Profile
(
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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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