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

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

Tantech Price Performance

Shares of Tantech stock opened at $0.77 on Friday. Tantech has a 52-week low of $0.52 and a 52-week high of $3.94. The firm has a 50-day moving average of $0.68 and a 200-day moving average of $0.81.

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.