Tantech Holdings Ltd. (NASDAQ:TANH – Get Free Report)’s share price shot up 65.7% during mid-day trading on Monday. The company traded as high as $21.79 and last traded at $19.34. Approximately 899,735 shares traded hands 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
Several brokerages recently issued reports on TANH. 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 downgraded Tantech to a “strong sell” rating in a report on Saturday, October 17th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.
Check Out Our Latest Stock Analysis on TANH
Tantech Stock Performance
The stock has a 50-day moving average price of $15.83 and a 200-day moving average price of $24.52.
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. Tantech has served customers primarily in China and has also marketed its products internationally through export and distribution channels.
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