Tantech (NASDAQ:TANH) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Tantech Holdings Ltd. (NASDAQ:TANH) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.98 and traded as high as $0.98. Tantech shares last traded at $0.8712, with a volume of 75,560 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Tantech in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Tantech Price Performance

The business has a fifty day moving average of $0.98 and a 200-day moving average of $1.43.

Hedge Funds Weigh In On Tantech

A hedge fund recently bought a new stake in Tantech stock. Marex Group plc bought a new position in Tantech Holdings Ltd. (NASDAQ:TANH) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 21,737 shares of the basic materials company’s stock, valued at approximately $43,000. Marex Group plc owned approximately 22.88% of Tantech at the end of the most recent reporting period. 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.