Equities researchers at StockNews.com started coverage on shares of Tantech (NASDAQ:TANH – Get Free Report) in a note issued to investors on Tuesday. The brokerage set a “sell” rating on the basic materials company’s stock.
Tantech Price Performance
Shares of TANH opened at $3.08 on Tuesday. Tantech has a 12 month low of $2.79 and a 12 month high of $63.60. The stock’s 50 day moving average is $6.22 and its two-hundred day moving average is $6.36.
Institutional Investors Weigh In On Tantech
An institutional investor recently bought a new position in Tantech stock. Virtu Financial LLC bought a new stake in Tantech Holdings Ltd (NASDAQ:TANH – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned 4.38% of Tantech as of its most recent SEC filing. Institutional investors and hedge funds own 6.02% of the company’s stock.
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.
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