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

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

Tantech Stock Performance

Shares of NASDAQ:TANH opened at $0.18 on Friday. Tantech has a 52 week low of $0.12 and a 52 week high of $3.28. The company’s fifty day moving average is $0.16 and its 200-day moving average is $0.48.

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.