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

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

Tantech Stock Performance

Shares of Tantech stock opened at $0.17 on Thursday. The business has a 50-day moving average price of $0.26 and a two-hundred day moving average price of $0.54. Tantech has a 1-year low of $0.12 and a 1-year high of $3.94.

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.