Tantech Holdings Ltd. (NASDAQ:TANH – Get Free Report)’s share price crossed 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 changing hands.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised shares of Tantech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Tantech currently has an average rating of “Sell”.
View Our Latest Stock Report on Tantech
Tantech Trading Up 1.6%
Institutional Trading of Tantech
A hedge fund recently bought a new position in Tantech stock. Marex Group plc bought a new position in Tantech Holdings Ltd. (NASDAQ:TANH – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 filing with the Securities & Exchange Commission. 6.02% of the stock is currently 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.
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