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In a challenging year for Tantech Holdings Ltd, the company’s stock has plummeted to a 52-week low, touching down at $2.1. This significant drop reflects a stark 1-year change, with the stock value eroding by -91.37%. According to InvestingPro analysis, the stock’s RSI indicates oversold territory, while the company maintains strong liquidity with a current ratio of 6.99. Investors have watched with concern as Tantech, which specializes in manufacturing bamboo-based charcoal products, has struggled in the market, leading to this new low point. Despite the steep decline, the company shows some fundamental strength, with 6.14% revenue growth and more cash than debt on its balance sheet. InvestingPro analysis suggests the stock may be undervalued at current levels, with 10+ additional insights available to subscribers.
In other recent news, Tantech Holdings Ltd has regained compliance with NASDAQ’s minimum bid price requirement, as confirmed by the company. This development follows the company’s efforts to address the NASDAQ Listing Rule 5550(a)(2), which requires a minimum bid price of $1.00 per share. To achieve this compliance, Tantech enacted a 1-for-40 share consolidation, effective February 13, 2025, which significantly reduced the number of its outstanding common shares from approximately 47.56 million to nearly 1.19 million. This consolidation was aimed at maintaining the company’s listing status on the Nasdaq Capital Market. Shareholders were informed that no action was necessary on their part, as fractional shares would be redeemed by the company. Despite the reduction in outstanding shares, the authorized number of shares Tantech can issue remains unlimited and unchanged. These recent developments are based on press release statements from Tantech Holdings Ltd.
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