Tantech Holdings Ltd. (NASDAQ:TANH – Get Free Report)’s stock price crossed 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 trading hands.
Wall Street Analyst Weigh In
Several research firms have commented on TANH. Weiss Ratings raised Tantech from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, November 4th. Wall Street Zen downgraded Tantech to a “strong sell” rating in a report on Saturday, October 17th. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Analysis on Tantech
Tantech Stock Up 65.7%
The firm’s fifty day simple moving average is $15.56 and its 200-day simple moving average is $24.62.
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.
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