Tantech Holdings Ltd. (NASDAQ:TANH – Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $0.42 and traded as low as $0.3581. Tantech shares last traded at $0.3628, with a volume of 47,400 shares.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Tantech from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Tantech has a consensus rating of “Sell”.
Check Out Our Latest Report on Tantech
Tantech Price Performance
Institutional Investors Weigh In On Tantech
An institutional investor recently raised its position in Tantech stock. Marex Group plc raised its holdings in Tantech Holdings Ltd. (NASDAQ:TANH – Free Report) by 174.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,940 shares of the basic materials company’s stock after purchasing an additional 30,444 shares during the period. Marex Group plc owned about 159.80% of Tantech worth $48,000 as of its most recent SEC filing. 6.02% of the stock is owned by institutional investors.
About Tantech
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.
See Also
- Five stocks we like better than Tantech
- Williams-Sonoma’s Quarter Gave Bulls More Than Just a Beat-and-Raise
- Alcoa’s Gallium Project Opens a New Door Beyond Aluminum
- Oura’s $16 Billion IPO Could Put a New Price on Wearable Tech
- Can Tesla’s Flying Roadster Distract From Its Real Risks?
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.
