Tantech Holdings Ltd. (NASDAQ:TANH – Get Free Report) 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
TANH has been the subject of several research analyst reports. Wall Street Zen lowered shares of Tantech to a “strong sell” rating in a report on Saturday, October 17th. Weiss Ratings upgraded Tantech from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, November 4th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, Tantech currently has an average rating of “Sell”.
View Our Latest Stock Analysis on Tantech
Tantech Stock Performance
The firm’s 50 day moving average is $15.56 and its 200 day moving average is $24.62.
Tantech Company Profile
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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