Tantech (NASDAQ:TANH) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Tantech (NASDAQ:TANH) in a research report report published on Monday morning. The firm issued a sell rating on the basic materials company’s stock.

Tantech Stock Performance

Shares of Tantech stock opened at $0.08 on Monday. Tantech has a 52-week low of $0.08 and a 52-week high of $1.59. The company’s 50 day moving average price is $0.16 and its 200-day moving average price is $0.16.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Tantech stock. Virtu Financial LLC acquired a new stake in shares of Tantech Holdings Ltd (NASDAQ:TANH) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned 4.38% of Tantech at the end of the most recent quarter. 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.