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

StockNews.com began coverage on shares of Tantech (NASDAQ:TANHGet Rating) in a research report issued on Tuesday. The brokerage set a “sell” rating on the basic materials company’s stock.

NASDAQ TANH opened at $0.43 on Tuesday. Tantech has a 1 year low of $0.40 and a 1 year high of $15.70. The company’s 50 day simple moving average is $0.78 and its two-hundred day simple moving average is $0.65.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Morgan Stanley increased its holdings in shares of Tantech by 7,177.5% in the 2nd quarter. Morgan Stanley now owns 181,937 shares of the basic materials company’s stock worth $226,000 after buying an additional 179,437 shares during the last quarter. Citadel Advisors LLC bought a new position in shares of Tantech in the 3rd quarter worth $77,000. Finally, Two Sigma Advisers LP increased its holdings in shares of Tantech by 13.3% in the 3rd quarter. Two Sigma Advisers LP now owns 112,400 shares of the basic materials company’s stock worth $75,000 after buying an additional 13,200 shares during the last quarter. Institutional investors and hedge funds own 10.80% of the company’s stock.

Tantech Company Profile (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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