Tantech (NASDAQ:TANH) Research Coverage Started at StockNews.com

Stock analysts at StockNews.com initiated coverage on shares of Tantech (NASDAQ:TANH) in a research note issued to investors on Wednesday. The firm set a “sell” rating on the basic materials company’s stock.

Tantech Stock Down 8.2 %

Shares of NASDAQ:TANH opened at $0.17 on Wednesday. The business has a fifty day simple moving average of $0.31 and a 200-day simple moving average of $0.56. Tantech has a 52 week low of $0.12 and a 52 week high of $3.94.

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.