Tantech (TANH) Earning Somewhat Positive News Coverage, Report Finds

Media headlines about Tantech (NASDAQ:TANH) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tantech earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.995593947015 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

Separately, ValuEngine downgraded shares of Tantech from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th.

Tantech (NASDAQ:TANH) traded up $0.01 during midday trading on Friday, hitting $2.69. 407,131 shares of the stock were exchanged, compared to its average volume of 498,787. Tantech has a 1 year low of $1.00 and a 1 year high of $4.54.

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About Tantech

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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