Tantech (NASDAQ:TANH) Coverage Initiated at StockNews.com

Research analysts at StockNews.com initiated coverage on shares of Tantech (NASDAQ:TANH) in a report issued on Wednesday. The brokerage set a “sell” rating on the basic materials company’s stock.

Tantech Price Performance

Tantech stock opened at $0.17 on Wednesday. Tantech has a fifty-two week low of $0.12 and a fifty-two week high of $3.94. The stock has a fifty day moving average of $0.31 and a two-hundred day moving average of $0.56.

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.