Tantech (NASDAQ:TANH) Earns Sell Rating from Analysts at StockNews.com

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

Tantech Trading Down 5.3 %

Shares of NASDAQ:TANH opened at $0.15 on Friday. The company’s fifty day moving average price is $0.17 and its 200 day moving average price is $0.39. Tantech has a 12 month low of $0.12 and a 12 month high of $2.70.

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.