StockNews.com Begins Coverage on Tantech (NASDAQ:TANH)

StockNews.com assumed coverage on shares of Tantech (NASDAQ:TANH) in a research report report published on Monday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Tantech Stock Down 4.8 %

NASDAQ TANH opened at $0.15 on Monday. Tantech has a 1-year low of $0.12 and a 1-year high of $1.62. The business has a 50 day moving average price of $0.16 and a 200 day moving average price of $0.32.

Tantech Company Profile

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.