Mannatech (NASDAQ:MTEX) Now Covered by StockNews.com

StockNews.com started coverage on shares of Mannatech (NASDAQ:MTEX) in a research note published on Sunday. The brokerage issued a buy rating on the stock.

Mannatech Stock Up 6.7 %

Mannatech stock opened at $8.00 on Friday. Mannatech has a twelve month low of $6.75 and a twelve month high of $10.51. The business has a fifty day moving average of $7.74 and a two-hundred day moving average of $7.54. The firm has a market cap of $15.08 million, a P/E ratio of -9.88 and a beta of 1.17. The company has a quick ratio of 0.62, a current ratio of 1.17 and a debt-to-equity ratio of 0.54.

Mannatech (NASDAQ:MTEX) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($0.17) earnings per share for the quarter. Mannatech had a negative net margin of 1.26% and a negative return on equity of 15.74%. The company had revenue of $31.73 million for the quarter.

Insider Transactions at Mannatech

In related news, Director Larry A. Jobe sold 16,288 shares of the stock in a transaction that occurred 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 sale, the director now owns 54,721 shares of the company’s stock, valued at $424,087.75. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 41.50% of the company’s stock.

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.