Tantech (NASDAQ:TANH) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Tantech (NASDAQ:TANHGet Rating) in a report released on Monday. The firm issued a sell rating on the basic materials company’s stock.

Tantech Trading Up 8.6 %

TANH opened at $2.15 on Monday. The stock has a fifty day simple moving average of $4.72 and a two-hundred day simple moving average of $5.94. Tantech has a 12-month low of $1.82 and a 12-month high of $376.78.

Hedge Funds Weigh In On Tantech

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC raised its holdings in Tantech by 206.8% in the second quarter. Renaissance Technologies LLC now owns 1,192,940 shares of the basic materials company’s stock worth $348,000 after purchasing an additional 804,150 shares in the last quarter. Virtu Financial LLC bought a new position in shares of Tantech during the first quarter valued at $88,000. Finally, Millennium Management LLC bought a new position in shares of Tantech during the second quarter valued at $61,000. Institutional investors own 56.39% of the company’s stock.

About Tantech

(Get Rating)

Tantech Holdings Ltd, together with its subsidiaries, develops and manufactures bamboo-based charcoal products for industrial energy, household cooking, heating, purification, agricultural, and cleaning applications in the People's Republic of China and internationally. The company operates in two segments: Consumer Products and Electric Vehicle.

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