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

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

Tantech Trading Down 3.6 %

Shares of TANH stock opened at $0.14 on Friday. The stock has a 50 day simple moving average of $0.17 and a 200 day simple moving average of $0.18. Tantech has a 1 year low of $0.12 and a 1 year 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.