ValuEngine cut shares of Tantech Holdings Ltd. (NASDAQ:TANH) from a buy rating to a hold rating in a research note released on Thursday.

Shares of Tantech Holdings (NASDAQ:TANH) traded up 2.51% during trading on Thursday, reaching $2.86. 537,076 shares of the company traded hands. The company has a 50-day moving average of $3.56 and a 200-day moving average of $3.56. Tantech Holdings has a 12 month low of $1.65 and a 12 month high of $4.54. The stock has a market capitalization of $69.53 million, a PE ratio of 15.29 and a beta of -2.69.

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About Tantech Holdings

Tantech Holdings Ltd. (Tantech BVI) is a holding company. The Company, through its subsidiaries, is a developer and manufacturer of bamboo-based charcoal products for industrial energy applications and household cooking, heating, purification, agricultural and cleaning uses. The Company has three segments: consumer product, trading and biofuel energy.

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