StockNews.com assumed coverage on shares of Tantech (NASDAQ:TANH – Free Report) in a research report sent to investors on Tuesday morning. The firm issued a sell rating on the basic materials company’s stock.
Tantech Stock Performance
NASDAQ:TANH opened at $2.99 on Tuesday. Tantech has a 52 week low of $2.79 and a 52 week high of $63.60. The stock’s fifty day moving average is $6.16 and its two-hundred day moving average is $6.34.
Institutional Investors Weigh In On Tantech
A hedge fund recently bought a new stake in Tantech stock. Virtu Financial LLC acquired a new stake in Tantech Holdings Ltd (NASDAQ:TANH – Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 166,575 shares of the basic materials company’s stock, valued at approximately $35,000. Virtu Financial LLC owned approximately 4.38% of Tantech at the end of the most recent quarter. 6.02% of the stock is owned by hedge funds and other institutional investors.
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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