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

Wall Street Zen downgraded shares of Tantech (NASDAQ:TANH) to a strong sell rating in a research note published on Saturday morning,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 equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Tantech Stock Performance

NASDAQ TANH opened at $10.20 on Friday. The firm has a 50-day moving average of $17.05 and a 200-day moving average of $19.37. Tantech has a 52-week low of $10.00 and a 52-week high of $88.50.

About Tantech

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.