Tantech (NASDAQ:TANH) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Tantech Holdings Ltd. (NASDAQ:TANH)’s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $15.56 and traded as high as $21.79. Tantech shares last traded at $19.34, with a volume of 899,735 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Tantech from a “sell (e)” rating to a “sell (e+)” rating in a research report on Wednesday, November 4th. Wall Street Zen cut shares of Tantech to a “strong sell” rating in a research report on Saturday, October 17th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has a consensus rating of “Sell”.

Tantech Price Performance

The stock has a 50-day moving average price of $16.29 and a two-hundred day moving average price of $24.47.

About Tantech

Tantech Holdings Ltd. is a China-based company that historically has focused on the research, development, production and sale of bamboo charcoal products. Its product portfolio has included household, industrial and agricultural bamboo charcoal goods, as well as charcoal-based air-purifying, water-purifying, moisture-absorbing and odor-control products. The company was established in 2002 and is headquartered in Lishui, Zhejiang Province, China, an area with substantial bamboo resources. Tantech has served customers primarily in China and has also marketed its products internationally through export and distribution channels.