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

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

Tantech Price Performance

NASDAQ:TANH opened at $0.16 on Tuesday. Tantech has a one year low of $0.12 and a one year high of $1.62. The company’s 50-day simple moving average is $0.16 and its 200 day simple moving average is $0.29.

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.