StockNews.com assumed coverage on shares of Tantech (NASDAQ:TANH – Get Rating) in a note issued to investors on Thursday. The firm set a “sell” rating on the basic materials company’s stock.
Tantech Stock Performance
NASDAQ TANH opened at $1.95 on Thursday. The business has a fifty day moving average price of $2.54 and a two-hundred day moving average price of $3.28. Tantech has a fifty-two week low of $1.82 and a fifty-two week high of $15.36.
Institutional Trading of Tantech
Several large investors have recently bought and sold shares of TANH. Renaissance Technologies LLC lifted its holdings in shares of 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 acquiring an additional 804,150 shares during the last quarter. Virtu Financial LLC acquired a new position in Tantech during the 1st quarter worth approximately $88,000. Finally, Millennium Management LLC acquired a new stake in Tantech in the second quarter valued at approximately $61,000.
Tantech Company Profile
Tantech Holdings Ltd. engages in the development and manufacture of bamboo-based charcoal products. It operates through the following segments: Consumer Product, Trading, and Electric Vehicle. The Consumer Product segment includes purification and deodorization products, cleaning products, and barbecue charcoals designed for the domestic market that are sold under the brand name Charcoal Doctor.
Further Reading
- Get a free copy of the StockNews.com research report on Tantech (TANH)
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