Mannatech (NASDAQ:MTEX) Shares Cross Below 200-Day Moving Average – Time to Sell?

Mannatech, Incorporated (NASDAQ:MTEX) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.63 and traded as low as $7.16. Mannatech shares last traded at $7.34, with a volume of 3,700 shares.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Mannatech in a report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Mannatech currently has an average rating of “Sell”.

Mannatech Stock Performance

The company has a market cap of $13.95 million, a P/E ratio of -8.53 and a beta of 0.79. The stock’s 50-day moving average price is $7.86 and its 200-day moving average price is $8.63. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.13 and a quick ratio of 0.56.

About Mannatech

Mannatech, Inc is a global health and wellness company that develops and markets a range of dietary supplements and personal care products through a direct selling business model. The company’s core focus is on glyconutrients, specialized carbohydrates believed to support cellular communication, which form the basis of many of its flagship offerings. Operating under a network marketing structure, Mannatech empowers independent associates to promote and distribute its products in markets around the world.

The company’s product portfolio includes nutritional supplements aimed at immune support, digestive health, and healthy aging, as well as skincare items designed to promote hydration and skin vitality.