Tantech (NASDAQ:TANH) Now Covered by StockNews.com

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

Tantech Price Performance

Tantech stock opened at $0.16 on Thursday. Tantech has a fifty-two week low of $0.12 and a fifty-two week high of $3.94. The company’s 50 day simple moving average is $0.23 and its 200 day simple moving average is $0.54.

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.