Tantech (NASDAQ:TANH) Upgraded at ValuEngine

ValuEngine upgraded shares of Tantech (NASDAQ:TANH) from a sell rating to a hold rating in a research report report published on Thursday morning, ValuEngine reports.

NASDAQ TANH opened at $1.46 on Thursday. Tantech has a one year low of $1.26 and a one year high of $1.94. The business’s fifty day simple moving average is $1.49.

An institutional investor recently raised its position in Tantech stock. Deutsche Bank AG boosted its position in Tantech Holdings Ltd (NASDAQ:TANH) by 296.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 74,600 shares of the basic materials company’s stock after acquiring an additional 55,788 shares during the period. Deutsche Bank AG owned 0.26% of Tantech worth $129,000 as of its most recent SEC filing. 1.96% of the stock is currently owned by institutional investors and hedge funds.

Tantech Company Profile

Tantech Holdings Ltd. develops and manufactures bamboo-based charcoal products in the People's Republic of China and internationally. The company operates through three segments: Consumer Products, Trading, and Electric Vehicle. It produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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