Tantech Holdings Ltd. (NASDAQ:TANH – Get Free Report)’s share price was up 65.7% on Monday. The stock traded as high as $21.79 and last traded at $19.34. 899,735 shares were traded during trading, an increase of 347% from the average session volume of 201,225 shares. The stock had previously closed at $11.67.
Analysts Set New Price Targets
Several research analysts recently commented on TANH shares. Wall Street Zen cut Tantech to a “strong sell” rating in a research note on Saturday, October 17th. Weiss Ratings raised Tantech from a “sell (e)” rating to a “sell (e+)” rating in a report on Wednesday, November 4th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.
Check Out Our Latest Report on TANH
Tantech Stock Performance
The company has a 50 day moving average price of $15.56 and a 200 day moving average price of $24.62.
About Tantech
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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