Mannatech (NASDAQ:MTEX) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Mannatech (NASDAQ:MTEX – Get Rating) in a research report issued on Thursday. The firm set a “strong-buy” rating on the stock.

Mannatech stock opened at $31.70 on Thursday. The stock has a market cap of $61.82 million, a P/E ratio of 6.72 and a beta of 1.12. Mannatech has a twelve month low of $18.95 and a twelve month high of $49.08. The company’s 50-day moving average price is $34.29 and its two-hundred day moving average price is $36.35.

Mannatech (NASDAQ:MTEX – Get Rating) last announced its earnings results on Tuesday, March 15th. The company reported $1.25 earnings per share (EPS) for the quarter. Mannatech had a net margin of 6.16% and a return on equity of 39.51%. The firm had revenue of $39.49 million for the quarter.

In other Mannatech news, Director Kevin Andrew Robbins sold 1,100 shares of the stock in a transaction that occurred on Monday, March 28th. The shares were sold at an average price of $36.57, for a total transaction of $40,227.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 48.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ellsworth Advisors LLC acquired a new stake in shares of Mannatech during the 4th quarter worth approximately $545,000. Renaissance Technologies LLC boosted its position in shares of Mannatech by 9.1% during the 3rd quarter. Renaissance Technologies LLC now owns 59,699 shares of the company’s stock worth $1,951,000 after acquiring an additional 4,986 shares in the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of Mannatech during the 4th quarter worth approximately $279,000. Geode Capital Management LLC acquired a new stake in shares of Mannatech during the 3rd quarter worth approximately $240,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Mannatech by 43.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,703 shares of the company’s stock worth $104,000 after acquiring an additional 824 shares in the last quarter. Institutional investors and hedge funds own 31.96% of the company’s stock.

About Mannatech (Get Rating)

Mannatech, Incorporated operates as a health and wellness company worldwide. It develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management products. The company primarily sells its products directly, as well as through e-commerce and network marketing channels.

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