Tantech (NASDAQ:TANH) Share Price Passes Below Fifty Day Moving Average – Time to Sell?

Tantech Holdings Ltd. (NASDAQ:TANH) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $1.03 and traded as low as $0.9788. Tantech shares last traded at $0.9823, with a volume of 10,382 shares trading hands.

Wall Street Analyst Weigh In

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

Tantech Price Performance

The business has a 50-day moving average of $1.03 and a 200 day moving average of $1.56.

Institutional Investors Weigh In On Tantech

An institutional investor recently bought a new position in Tantech stock. Marex Group plc bought a new position in shares of Tantech Holdings Ltd. (NASDAQ:TANH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing. 6.02% of the stock is owned by hedge funds and other institutional investors.

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.