Tantech Holdings Ltd. (NASDAQ:TANH – Get Free Report) rose 65.7% on Monday. The stock traded as high as $21.79 and last traded at $19.34. 899,735 shares were traded during mid-day trading, an increase of 347% from the average session volume of 201,225 shares. The stock had previously closed at $11.67.
Wall Street Analyst Weigh In
TANH has been the subject of a number of recent research reports. Weiss Ratings upgraded Tantech from a “sell (e)” rating to a “sell (e+)” rating in a research note on Wednesday, November 4th. Wall Street Zen lowered Tantech to a “strong sell” rating in a research report on Saturday, October 17th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company has a consensus rating of “Sell”.
Get Our Latest Stock Report on TANH
Tantech Stock Performance
The business’s 50-day moving average price is $15.56 and its 200 day moving average price is $24.62.
Tantech Company Profile
Tantech Holdings Ltd. is a China-based company that historically has focused on the research, development, production and sale of bamboo charcoal products. Its product portfolio has included household, industrial and agricultural bamboo charcoal goods, as well as charcoal-based air-purifying, water-purifying, moisture-absorbing and odor-control products.
The company was established in 2002 and is headquartered in Lishui, Zhejiang Province, China, an area with substantial bamboo resources.
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