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

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

Tantech Stock Performance

NASDAQ:TANH opened at $0.80 on Friday. Tantech has a one year low of $0.52 and a one year high of $3.94. The business has a fifty day moving average price of $0.69 and a 200-day moving average price of $0.76.

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.