Mannatech (NASDAQ:MTEX) Releases Earnings Results

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

Mannatech Trading Up 6.7 %

Shares of NASDAQ MTEX opened at $8.00 on Thursday. The stock has a market cap of $15.08 million, a P/E ratio of -9.88 and a beta of 1.17. The firm has a 50 day moving average price of $7.74 and a two-hundred day moving average price of $7.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.62 and a current ratio of 1.17. Mannatech has a 52-week low of $6.75 and a 52-week high of $10.51.

Insider Transactions at Mannatech

In related news, Director Larry A. Jobe sold 16,288 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of $7.75, for a total value of $126,232.00. Following the completion of the sale, the director now directly owns 54,721 shares in the company, valued at $424,087.75. This represents 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 owned by company insiders.

Analyst Ratings Changes

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

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.