Tantech (NASDAQ:TANH) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Tantech (NASDAQ:TANH) in a research note published on Sunday. The brokerage issued a sell rating on the basic materials company’s stock.

Tantech Stock Performance

NASDAQ TANH opened at $0.16 on Friday. The business’s fifty day simple moving average is $0.17 and its 200-day simple moving average is $0.34. Tantech has a 52 week low of $0.12 and a 52 week high of $2.10.

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.