HSG Holding Ltd Lowers Stake in TH International Limited $THCH

Key Points

• HSG Holding Ltd has significantly reduced its stake in TH International Limited by 80%, selling over 11.6 million shares, which leaves it with around 2.9 million shares.
• As of the latest filing, HSG Holding Ltd holds approximately $8.5 million worth of TH International, making it only 0.4% of its total holdings.
• TH International’s stock is currently valued at $2.56, with a 52-week high of $5.15 and a low of $1.95.

HSG Holding Ltd reduced its position in shares of TH International Limited (NASDAQ:THCH - Free Report) by 80.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,900,606 shares of the company's stock after selling 11,602,426 shares during the period. TH International accounts for about 0.4% of HSG Holding Ltd's holdings, making the stock its 9th biggest position. HSG Holding Ltd owned approximately 8.74% of TH International worth $8,499,000 at the end of the most recent reporting period.

TH International Price Performance

Shares of NASDAQ THCH traded down $0.0290 during mid-day trading on Friday, reaching $2.4510. 74,843 shares of the company's stock were exchanged, compared to its average volume of 15,047. The firm has a 50-day moving average price of $2.82 and a two-hundred day moving average price of $2.84. The firm has a market capitalization of $81.32 million, a price-to-earnings ratio of -1.74 and a beta of 0.54. TH International Limited has a 52 week low of $1.95 and a 52 week high of $5.15.

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.