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

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

Tantech Trading Down 9.1 %

Shares of TANH opened at $3.48 on Tuesday. The stock has a 50-day simple moving average of $6.34 and a 200-day simple moving average of $6.42. Tantech has a 1 year low of $3.02 and a 1 year high of $63.60.

Hedge Funds Weigh In On Tantech

An institutional investor recently bought a new position in Tantech stock. Virtu Financial LLC acquired a new position in shares of Tantech Holdings Ltd (NASDAQ:TANH) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned approximately 4.38% of Tantech as of its most recent filing with the SEC. 6.02% of the stock is currently owned by institutional investors.

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.