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

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

Tantech Price Performance

Shares of NASDAQ TANH opened at $0.17 on Friday. The business has a 50 day simple moving average of $0.17 and a 200 day simple moving average of $0.23. Tantech has a 52 week low of $0.12 and a 52 week high of $1.59.

Tantech Company Profile

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.