Tantech (NASDAQ:TANH) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Tantech Holdings Ltd (NASDAQ:TANH)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $5.60 and traded as low as $1.45. Tantech shares last traded at $1.58, with a volume of 85,614 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Tantech in a research note on Tuesday, February 18th. They set a “sell” rating for the company.

Tantech Stock Down 17.7 %

The firm has a 50 day moving average price of $3.43 and a two-hundred day moving average price of $5.60.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Tantech stock. Virtu Financial LLC purchased a new position in shares of Tantech Holdings Ltd (NASDAQ:TANH) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned approximately 4.38% of Tantech as of its most recent SEC filing. Institutional investors and hedge funds own 6.02% of the company’s stock.

About Tantech

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.