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

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

Tantech Price Performance

NASDAQ:TANH opened at $0.17 on Friday. The company’s 50 day moving average is $0.17 and its 200-day moving average is $0.23. Tantech has a 12 month low of $0.12 and a 12 month high of $1.59.

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.