Stock analysts at StockNews.com started coverage on shares of Tantech (NASDAQ:TANH – Get Free Report) in a research note issued to investors on Tuesday. The brokerage set a “sell” rating on the basic materials company’s stock.
Tantech Price Performance
Shares of TANH stock opened at $3.08 on Tuesday. Tantech has a twelve month low of $2.79 and a twelve month high of $63.60. The company’s 50-day moving average price is $6.22 and its 200-day moving average price is $6.36.
Institutional Trading of Tantech
A hedge fund recently bought a new stake in Tantech stock. Virtu Financial LLC purchased a new stake in shares of Tantech Holdings Ltd (NASDAQ:TANH – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned 4.38% of Tantech as of its most recent filing with the SEC. Institutional investors own 6.02% of the company’s stock.
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.
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