Tantech (NASDAQ:TANH) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of Tantech Holdings Ltd. (NASDAQ:TANH) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.44 and traded as high as $0.4442. Tantech shares last traded at $0.4210, with a volume of 275,480 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Tantech from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 30th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Tantech presently has an average rating of “Sell”.

Tantech Stock Performance

The firm’s 50-day simple moving average is $0.44 and its 200-day simple moving average is $0.58.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Tantech stock. Marex Group plc bought a new stake in Tantech Holdings Ltd. (NASDAQ:TANH) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 21,737 shares of the basic materials company’s stock, valued at approximately $43,000. Marex Group plc owned about 22.88% of Tantech as of its most recent SEC filing. Hedge funds and other institutional investors own 6.02% of the company’s stock.

Tantech Company Profile

Tantech Holdings Ltd (NASDAQ:TANH) is a China-based company specializing in the research, development, production and sale of bamboo-based and wood-based charcoal products and related chemical byproducts. The company operates vertically integrated manufacturing facilities in Sichuan Province, where it converts sustainably sourced bamboo into a range of charcoal goods and extracts. Its product portfolio includes bamboo charcoal briquettes and rods for air and water purification, activated charcoal for industrial and consumer uses, wood vinegar and tar for agricultural and environmental applications, and glycerin derived from biomass processing.

Alongside its core charcoal business, Tantech produces wood vinegar–based products that serve the agricultural sector as natural pesticides and soil conditioners.