Mannatech (NASDAQ:MTEX) Stock Passes Below 200 Day Moving Average of $8.26

Mannatech, Incorporated (NASDAQ:MTEX)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.26 and traded as low as $7.00. Mannatech shares last traded at $7.14, with a volume of 6,984 shares changing hands.

Analyst Ratings Changes

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

Mannatech Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 0.56. The firm has a market capitalization of $13.16 million, a P/E ratio of -7.87 and a beta of 1.17. The firm’s 50 day simple moving average is $7.49 and its two-hundred day simple moving average is $8.26.

Mannatech (NASDAQ:MTEX) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $0.63 EPS for the quarter. Mannatech had a negative net margin of 1.31% and a negative return on equity of 15.37%. The firm had revenue of $29.39 million during the quarter.

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.