Tantech (NASDAQ:TANH) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Tantech Holdings Ltd. (NASDAQ:TANH)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1.30 and traded as low as $0.96. Tantech shares last traded at $0.97, with a volume of 20,448 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Tantech in a research report on Monday, December 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

Tantech Stock Performance

The stock’s fifty day simple moving average is $1.30 and its 200-day simple moving average is $1.75.

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 Tantech Holdings Ltd. (NASDAQ:TANH) in the 2nd quarter, according to the company in its most recent filing with the 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 as of its most recent filing with the SEC. 6.02% of the stock is owned by hedge funds and other institutional investors.

Tantech Company Profile

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.