Tantech Holdings Ltd. (NASDAQ:TANH) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.

Tantech Holdings (NASDAQ:TANH) traded up 6.40% during midday trading on Wednesday, reaching $3.99. The company’s stock had a trading volume of 1,651,105 shares. Tantech Holdings has a 1-year low of $1.65 and a 1-year high of $4.00. The firm has a 50 day moving average price of $3.71 and a 200 day moving average price of $2.30. The firm has a market capitalization of $97.00 million, a PE ratio of 21.34 and a beta of -2.61.

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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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