Tantech (NASDAQ:TANH) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Tantech Holdings Ltd. (NASDAQ:TANH)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $0.56 and traded as low as $0.3501. Tantech shares last traded at $0.3970, with a volume of 2,736,274 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Tantech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

Tantech Stock Up 8.8%

The firm’s fifty day moving average is $0.43 and its 200-day moving average is $0.56.

Hedge Funds Weigh In On Tantech

A hedge fund recently raised its stake in Tantech stock. Marex Group plc boosted its position in Tantech Holdings Ltd. (NASDAQ:TANH) by 174.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,940 shares of the basic materials company’s stock after buying an additional 30,444 shares during the quarter. Marex Group plc owned approximately 159.80% of Tantech worth $48,000 at the end of the most recent quarter. 6.02% of the stock is owned by 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.