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

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

Tantech Stock Performance

NASDAQ TANH opened at $0.15 on Friday. Tantech has a 52-week low of $0.12 and a 52-week high of $2.47. The company has a 50-day simple moving average of $0.17 and a 200 day simple moving average of $0.37.

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.