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

StockNews.com assumed coverage on shares of Tantech (NASDAQ:TANH) in a research report sent to investors on Tuesday morning. The brokerage issued a sell rating on the basic materials company’s stock.

Tantech Price Performance

Shares of NASDAQ TANH opened at $0.65 on Tuesday. Tantech has a 12-month low of $0.52 and a 12-month high of $3.94. The stock’s 50 day simple moving average is $0.65 and its 200 day simple moving average is $1.08.

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.