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

StockNews.com assumed coverage on shares of Tantech (NASDAQ:TANH) in a research note published on Saturday. The brokerage issued a sell rating on the basic materials company’s stock.

Tantech Price Performance

Shares of NASDAQ TANH opened at $0.14 on Friday. Tantech has a one year low of $0.14 and a one year high of $3.94. The business’s fifty day moving average price is $0.60 and its 200-day moving average price is $0.65.

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.