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

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

Tantech Stock Performance

Tantech stock opened at $0.17 on Thursday. Tantech has a 12 month low of $0.12 and a 12 month high of $2.89. The stock’s 50 day simple moving average is $0.17 and its two-hundred day simple moving average is $0.40.

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.