Tantech (NASDAQ:TANH) Stock Rating Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of Tantech (NASDAQ:TANH) to a strong sell rating in a research report released on Saturday,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of Tantech from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has an average rating of “Sell”.

Tantech Price Performance

Shares of TANH opened at $13.62 on Friday. Tantech has a 1 year low of $10.06 and a 1 year high of $88.50. The company’s fifty day moving average is $17.28 and its two-hundred day moving average is $19.61.

Tantech Company Profile

Tantech Holdings Ltd. is a China-based company that develops and manufactures bamboo charcoal and related products. Its product range has included charcoal-based household goods, air-purification products, heating and cooking materials, personal-care items, and agricultural or industrial applications.

The company has historically marketed its products in China and internationally through distributors, retailers, and other commercial channels. Tantech was established in Zhejiang Province, China, and has been associated with bamboo-processing and charcoal manufacturing operations in the region.

In addition to its traditional bamboo-charcoal business, Tantech has pursued other activities over time, including clean-energy and electric-vehicle-related initiatives.