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

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

Tantech Stock Down 5.0 %

Shares of NASDAQ:TANH opened at $0.12 on Friday. The company has a 50-day moving average price of $0.54 and a 200-day moving average price of $0.63. Tantech has a 12 month low of $0.12 and a 12 month high of $3.94.

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.