Initiates Coverage on Tantech (NASDAQ:TANH)

Research analysts at initiated coverage on shares of Tantech (NASDAQ:TANHGet Rating) in a research report issued on Wednesday. The brokerage set a “sell” rating on the basic materials company’s stock.

Shares of NASDAQ TANH opened at $0.34 on Wednesday. Tantech has a 12 month low of $0.20 and a 12 month high of $15.70. The company has a 50-day simple moving average of $0.32 and a 200-day simple moving average of $0.50.

A hedge fund recently bought a new stake in Tantech stock. Virtu Financial LLC bought a new position in Tantech Holdings Ltd (NASDAQ:TANHGet Rating) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 184,508 shares of the basic materials company’s stock, valued at approximately $88,000. Virtu Financial LLC owned about 2.88% of Tantech as of its most recent filing with the Securities and Exchange Commission (SEC).

About Tantech (Get Rating)

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, Trading, and Electric Vehicle.

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