Tantech (NASDAQ:TANH) Lifted to Hold at ValuEngine

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ValuEngine upgraded shares of Tantech (NASDAQ:TANH) from a sell rating to a hold rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Shares of NASDAQ TANH opened at $1.46 on Thursday. Tantech has a 1-year low of $1.26 and a 1-year high of $1.94. The business has a 50-day moving average of $1.49.

An institutional investor recently raised its position in Tantech stock. Deutsche Bank AG increased its holdings in shares of Tantech Holdings Ltd (NASDAQ:TANH) by 296.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,600 shares of the basic materials company’s stock after buying an additional 55,788 shares during the period. Deutsche Bank AG owned 0.26% of Tantech worth $129,000 at the end of the most recent quarter. Institutional investors own 1.96% of the company’s stock.

Tantech Company Profile

Tantech Holdings Ltd. develops and manufactures bamboo-based charcoal products in the People's Republic of China and internationally. The company operates through three segments: Consumer Products, Trading, and Electric Vehicle. It produces pressed and formed charcoal briquettes for use in grills, incense burners, and other applications under the Algold brand.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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