TH International (NASDAQ:THCH) Share Price Crosses Above 50 Day Moving Average – What’s Next?

TH International Limited (NASDAQ:THCH) shares crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $1.23 and traded as high as $1.33. TH International shares last traded at $1.24, with a volume of 7,823 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of TH International in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, TH International has a consensus rating of “Sell”.

TH International Stock Performance

The company has a market capitalization of $41.22 million, a price-to-earnings ratio of -0.55 and a beta of 0.51. The business’s 50-day simple moving average is $1.23 and its 200-day simple moving average is $1.70.

TH International (NASDAQ:THCH) last issued its earnings results on Tuesday, August 18th. The company reported ($0.25) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.25). The business had revenue of $40.24 million during the quarter, compared to the consensus estimate of $42.14 million.

TH International Company Profile

TH International Limited is the master franchisee and exclusive operator of Tim Hortons coffee shops in China. The company develops and operates the Tim Hortons China business, serving coffee, tea, baked goods, breakfast items, sandwiches and other food products through its restaurants and digital ordering channels. Tim Hortons China opened its first location in Shanghai in 2019. Since then, the business has focused on expanding the Tim Hortons brand across mainland China, adapting its menu and store formats to local consumer preferences while maintaining the brand’s core coffee and food offerings.