Mangoceuticals (NASDAQ:MGRX) Downgraded by Wall Street Zen to Sell

Mangoceuticals (NASDAQ:MGRX) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mangoceuticals in a report on Monday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Mangoceuticals currently has an average rating of “Sell”.

Mangoceuticals Stock Down 1.8%

Shares of MGRX stock opened at $1.12 on Friday. The business has a 50 day moving average of $2.09 and a two-hundred day moving average of $1.91. Mangoceuticals has a 52 week low of $0.98 and a 52 week high of $6.15. The company has a market cap of $15.58 million, a P/E ratio of -0.31 and a beta of 2.39.

Mangoceuticals (NASDAQ:MGRX) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.69) earnings per share for the quarter. Mangoceuticals had a negative return on equity of 114.63% and a negative net margin of 4,253.43%.The company had revenue of $0.08 million for the quarter.

Institutional Investors Weigh In On Mangoceuticals

An institutional investor recently raised its position in Mangoceuticals stock. Geode Capital Management LLC boosted its stake in Mangoceuticals, Inc. (NASDAQ:MGRX) by 35.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,498 shares of the company’s stock after buying an additional 6,928 shares during the period. Geode Capital Management LLC owned 0.51% of Mangoceuticals worth $40,000 at the end of the most recent quarter. 56.72% of the stock is currently owned by institutional investors.

Mangoceuticals Company Profile

Mangoceuticals, Inc develops, markets, and sells various men's wellness products and services through a telemedicine platform in the United States. It offers erectile dysfunction (ED) products under the Mango brand and hair loss products under the Grow brand name. The company markets and sells these branded ED and hair loss products online through its website at MangoRx.com.