Mannatech (NASDAQ:MTEX) Share Price Passes Below 200 Day Moving Average – Here’s Why

Mannatech, Incorporated (NASDAQ:MTEX) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.05 and traded as low as $9.42. Mannatech shares last traded at $9.61, with a volume of 1,390 shares.

Analysts Set New Price Targets

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

Mannatech Price Performance

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.25. The business has a 50 day simple moving average of $11.13 and a 200-day simple moving average of $10.05. The firm has a market cap of $16.90 million, a price-to-earnings ratio of -11.07 and a beta of 1.06.

Mannatech (NASDAQ:MTEX) last announced its quarterly earnings results on Wednesday, March 26th. The company reported $1.20 earnings per share (EPS) for the quarter. The business had revenue of $29.01 million during the quarter. Mannatech had a negative return on equity of 15.62% and a negative net margin of 1.26%.

About Mannatech

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.