StockNews.com Initiates Coverage on Tantech (NASDAQ:TANH)

Research analysts at StockNews.com assumed coverage on shares of Tantech (NASDAQ:TANH) in a report issued on Monday. The firm set a “sell” rating on the basic materials company’s stock.

Tantech Price Performance

Shares of NASDAQ TANH opened at $0.22 on Monday. The firm has a fifty day moving average price of $0.16 and a 200-day moving average price of $0.46. Tantech has a 1 year low of $0.12 and a 1 year high of $3.28.

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.