Tantech (NASDAQ:TANH) Receives New Coverage from Analysts at StockNews.com

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

Tantech Price Performance

Shares of Tantech stock opened at $0.81 on Friday. The company’s fifty day simple moving average is $0.69 and its two-hundred day simple moving average is $0.78. Tantech has a 12-month low of $0.52 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.