Tantech (NASDAQ:TANH) Share Price Crosses Below Fifty Day Moving Average of $0.27

Tantech Holdings Ltd (NASDAQ:TANHGet Rating) shares crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $0.27 and traded as low as $0.24. Tantech shares last traded at $0.25, with a volume of 379,805 shares.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Tantech in a research note on Saturday. They issued a “sell” rating for the company.

Tantech Stock Up 3.3 %

The business has a 50 day simple moving average of $0.27 and a 200-day simple moving average of $0.46.

Institutional Trading of Tantech

A number of hedge funds and other institutional investors have recently modified their holdings of TANH. Renaissance Technologies LLC acquired a new stake in shares of Tantech during the 1st quarter worth about $185,000. Virtu Financial LLC acquired a new stake in shares of Tantech during the 1st quarter worth about $88,000. Finally, Millennium Management LLC acquired a new stake in shares of Tantech during the 2nd quarter worth about $61,000. 56.39% of the stock is owned by institutional investors and hedge funds.

Tantech Company Profile

(Get Rating)

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 two segments: Consumer Products and Electric Vehicle.

Further Reading

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