Tantech (NASDAQ:TANH) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Tantech Holdings Ltd. (NASDAQ:TANH) shares passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.72 and traded as low as $0.3410. Tantech shares last traded at $0.3476, with a volume of 228,878 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Tantech in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Tantech Stock Performance

The company has a 50-day moving average of $0.72 and a two-hundred day moving average of $1.03.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Tantech stock. Marex Group plc increased its stake in Tantech Holdings Ltd. (NASDAQ:TANH) by 174.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 47,940 shares of the basic materials company’s stock after acquiring an additional 30,444 shares during the period. Marex Group plc owned approximately 159.80% of Tantech worth $48,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.