Tantech (NASDAQ:TANH) Earns Sell (E+) Rating from Weiss Ratings

Tantech (NASDAQ:TANH)‘s stock had its “sell (e+)” rating reiterated by equities researchers at Weiss Ratings in a report issued on Saturday,Weiss Ratings reports.

Tantech Stock Down 4.2%

Tantech stock opened at $1.59 on Friday. Tantech has a one year low of $1.45 and a one year high of $10.77. The business’s fifty day moving average is $1.89 and its 200 day moving average is $1.98.

Institutional Investors Weigh In On Tantech

A hedge fund recently bought a new stake in Tantech stock. Marex Group plc acquired a new stake in shares of Tantech Holdings Ltd. (NASDAQ:TANH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period. Hedge funds and other institutional investors own 6.02% of the company’s stock.

About Tantech

Tantech Holdings Ltd, together with its subsidiaries, develops and manufactures bamboo-based charcoal products for industrial energy, household cooking, heating, purification, agricultural, and cleaning applications in the People's Republic of China and internationally. The company operates in three segments: Consumer Products, Electric Vehicles, and Biodegradable Packaging.