Tantech (NASDAQ:TANH) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Tantech Holdings Ltd. (NASDAQ:TANHGet Free Report)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $20.05 and traded as low as $17.42. Tantech shares last traded at $18.79, with a volume of 118,608 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered shares of Tantech from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, August 14th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Read Our Latest Stock Analysis on TANH

Tantech Stock Performance

The business’s 50 day moving average price is $20.05 and its 200-day moving average price is $24.52.

Hedge Funds Weigh In On Tantech

A hedge fund recently bought a new stake in Tantech stock. Marex Group plc acquired a new position in shares of Tantech Holdings Ltd. (NASDAQ:TANHFree Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 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. 6.02% of the stock is owned by institutional investors and hedge funds.

Tantech Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Tantech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tantech and related companies with MarketBeat.com's FREE daily email newsletter.