TH International (NASDAQ:THCH) Shares Up 2.8% - What's Next?

Key Points

• Shares of TH International (NASDAQ:THCH) rose 2.8% to $2.0350 (intraday high $2.16) on Wednesday, with volume of 44,361 shares—a roughly 922% jump versus average session volume.
• Weiss Ratings bumped the stock from "sell (e)" to "sell (e+)," but the consensus rating remains Sell with only one analyst covering the stock.
• Institutional investors own about 91.85% of the company; Susquehanna raised its stake by 170.1% to 29,743 shares, and the firm has a market cap of $67.65M with a negative P/E of -1.08.

TH International Limited (NASDAQ:THCH - Get Free Report) shares shot up 2.8% on Wednesday . The company traded as high as $2.16 and last traded at $2.0350. 44,361 shares were traded during mid-day trading, an increase of 922% from the average session volume of 4,342 shares. The stock had previously closed at $1.98.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded TH International from a "sell (e)" rating to a "sell (e+)" rating in a research report on Wednesday, April 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

TH International Stock Performance

The firm has a market capitalization of $67.65 million, a P/E ratio of -1.08 and a beta of 0.52. The firm has a 50 day moving average price of $2.09 and a two-hundred day moving average price of $2.24.

Institutional Investors Weigh In On TH International

An institutional investor recently raised its position in TH International stock. Susquehanna International Group LLP lifted its stake in shares of TH International Limited (NASDAQ:THCH - Free Report) by 170.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,743 shares of the company's stock after acquiring an additional 18,731 shares during the quarter. Susquehanna International Group LLP owned 0.09% of TH International worth $78,000 at the end of the most recent reporting period. Institutional investors own 91.85% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.