StockNews.com Initiates Coverage on Mannatech (NASDAQ:MTEX)

StockNews.com initiated coverage on shares of Mannatech (NASDAQ:MTEX) in a research note published on Friday morning. The firm issued a buy rating on the stock.

Mannatech Stock Performance

Shares of MTEX stock opened at $7.52 on Friday. The business has a fifty day moving average of $7.58 and a 200 day moving average of $7.56. Mannatech has a 1 year low of $6.75 and a 1 year high of $10.51. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.17 and a quick ratio of 0.62. The firm has a market capitalization of $14.14 million, a price-to-earnings ratio of -11.94 and a beta of 1.17.

Mannatech (NASDAQ:MTEX) last announced its quarterly earnings data on Tuesday, August 13th. The company reported ($0.33) earnings per share (EPS) for the quarter. Mannatech had a negative return on equity of 11.87% and a negative net margin of 0.97%. The firm had revenue of $27.74 million during the quarter.

Insider Activity at Mannatech

In related news, Director Larry A. Jobe sold 16,288 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $7.75, for a total transaction of $126,232.00. Following the completion of the transaction, the director now directly owns 54,721 shares in the company, valued at $424,087.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 41.50% of the stock is currently owned by insiders.

Mannatech Company Profile

Mannatech, Incorporated operates as a health and wellness company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management and fitness products. It primarily sells its products directly, as well as through e-commerce and network marketing channels.