Begins Coverage on Tantech (NASDAQ:TANH) initiated coverage on shares of Tantech (NASDAQ:TANHFree Report) in a report published on Wednesday. The brokerage issued a sell rating on the basic materials company’s stock.

Tantech Trading Up 1.7 %

Shares of TANH opened at $0.79 on Wednesday. The business’s fifty day simple moving average is $0.66 and its two-hundred day simple moving average is $1.01. Tantech has a 12 month low of $0.52 and a 12 month high of $3.94.

About Tantech

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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.

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