Does Tantech Holdings Ltd (TANH) Have More Gas After Achieving 52-Week High?

September 17, 2017 - By Kurt Siggers

The stock of Tantech Holdings Ltd (NASDAQ:TANH) hit a new 52-week high and has $4.27 target or 5.00 % above today’s $4.07 share price. The 5 months bullish chart indicates low risk for the $109.12M company. The 1-year high was reported on Sep, 17 by Barchart.com. If the $4.27 price target is reached, the company will be worth $5.46 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 6.86% or $0.3 on September 15, reaching $4.07. About 2.47M shares traded or 319.14% up from the average. Tantech Holdings Ltd (NASDAQ:TANH) has declined 31.86% since September 17, 2016 and is downtrending. It has underperformed by 48.56% the S&P500.

More notable recent Tantech Holdings Ltd (NASDAQ:TANH) news were published by: Prnewswire.com which released: “Tantech Holdings to Produce EDLC Carbon Based Aluminum Batteries in …” on August 10, 2015, also Quotes.Wsj.com with their article: “Tantech Holdings Ltd.” published on March 24, 2015, Prnewswire.com published: “Tantech Holdings Ltd. Seizes the Initiative in the Field of Green Vehicles” on October 03, 2016. More interesting news about Tantech Holdings Ltd (NASDAQ:TANH) were released by: Prnewswire.com and their article: “Tantech Holdings Ltd. Announces Fiscal Year 2016 Financial Results” published on May 01, 2017 as well as Prnewswire.com‘s news article titled: “Tantech Holdings Ltd. Enters into Framework Agreement to Acquire Electric …” with publication date: January 27, 2016.

Tantech Holdings Ltd. is a holding company. The company has market cap of $109.12 million. The Company, through its subsidiaries, is a developer and maker of bamboo charcoal products for industrial energy applications and household cooking, heating, purification, agricultural and cleaning uses. It has a 21.87 P/E ratio. The Firm has three divisions: consumer product, trading and biofuel energy.

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