Tantech (NASDAQ:TANH) Stock Gets Downgrade from Wall Street Zen

Tantech (NASDAQ:TANH) was downgraded by stock analysts at Wall Street Zen to a “strong sell” rating in a 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 research report on Friday, October 2nd. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, Tantech presently has an average rating of “Sell”.

Tantech Stock Performance

Shares of NASDAQ:TANH opened at $13.62 on Friday. Tantech has a one year low of $10.06 and a one year high of $88.50. The business’s 50-day simple moving average is $17.28 and its 200 day simple moving average is $19.50.

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.