Tantech Holdings Ltd. (TANH) Stock Rating Lowered by ValuEngine

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

Shares of Tantech Holdings (NASDAQ TANH) opened at 2.71 on Thursday. The firm has a market cap of $65.88 million, a PE ratio of 14.49 and a beta of -2.69. Tantech Holdings has a 52 week low of $1.65 and a 52 week high of $4.54. The firm’s 50-day moving average price is $3.64 and its 200 day moving average price is $3.64.

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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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