StockNews.com assumed coverage on shares of Tantech (NASDAQ:TANH – Free Report) in a report published on Sunday. The brokerage issued a sell rating on the basic materials company’s stock.
Tantech Stock Up 12.5 %
NASDAQ TANH opened at $2.16 on Friday. The stock’s 50 day moving average is $1.76 and its two-hundred day moving average is $2.24. Tantech has a 1-year low of $0.83 and a 1-year high of $7.97.
Institutional Inflows and Outflows
A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in Tantech in the 1st quarter worth approximately $88,000. Millennium Management LLC bought a new position in Tantech in the 2nd quarter worth approximately $61,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Tantech during the 1st quarter valued at $185,000. Institutional investors own 4.56% of the company’s stock.
Tantech Company Profile
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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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