Tantech (NASDAQ:TANH) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Tantech Holdings Ltd (NASDAQ:TANHGet Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.17 and traded as high as $0.17. Tantech shares last traded at $0.17, with a volume of 8,209,405 shares.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Tantech in a research note on Thursday. They set a “sell” rating on the stock.

Get Our Latest Research Report on TANH

Tantech Price Performance

The company’s fifty day moving average price is $0.17 and its 200 day moving average price is $0.40.

About Tantech

(Get Free Report)

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 three segments: Consumer Products, Electric Vehicles, and Biodegradable Packaging.

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