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

StockNews.com began coverage on shares of Mannatech (NASDAQ:MTEX) in a report released on Wednesday. The brokerage set a “buy” rating on the stock.

Mannatech Trading Up 2.9 %

Mannatech stock opened at $12.40 on Wednesday. Mannatech has a one year low of $6.75 and a one year high of $16.49. The business’s fifty day moving average is $11.77 and its 200 day moving average is $9.04. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 0.74. The stock has a market capitalization of $23.30 million, a PE ratio of -15.30 and a beta of 1.04.

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

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.