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

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

Tantech Stock Performance

Shares of TANH stock opened at $0.17 on Friday. The company’s fifty day moving average price is $0.17 and its 200-day moving average price is $0.23. Tantech has a 12 month low of $0.12 and a 12 month 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.