Tantech (NASDAQ:TANH) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Tantech Holdings Ltd. (NASDAQ:TANH) shares passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $20.03 and traded as low as $14.94. Tantech shares last traded at $14.94, with a volume of 51,478 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Tantech from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, August 14th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Tantech currently has an average rating of “Sell”.

Tantech Price Performance

The stock has a 50-day moving average of $19.87 and a 200 day moving average of $23.27.

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.