Mannatech (NASDAQ:MTEX) Stock Price Passes Above 50-Day Moving Average – Time to Sell?

Mannatech, Incorporated (NASDAQ:MTEX) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.23 and traded as high as $11.00. Mannatech shares last traded at $11.00, with a volume of 1,414 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Mannatech in a research report on Saturday. They issued a “buy” rating for the company.

Mannatech Stock Up 6.0 %

The firm has a market capitalization of $20.74 million, a price-to-earnings ratio of -13.58 and a beta of 1.18. The stock has a fifty day moving average of $9.28 and a two-hundred day moving average of $8.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 0.74.

Mannatech (NASDAQ:MTEX) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.17) earnings per share for the quarter. The company had revenue of $31.73 million during the quarter. Mannatech had a negative net margin of 1.26% and a negative return on equity of 15.62%.

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.