Mannatech (NASDAQ:MTEX) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Mannatech, Incorporated (NASDAQ:MTEX)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.11 and traded as low as $6.15. Mannatech shares last traded at $6.69, with a volume of 274,003 shares.

Analyst Upgrades and Downgrades

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

Mannatech Stock Performance

The firm’s 50-day moving average is $6.86 and its 200 day moving average is $8.11. The stock has a market cap of $12.71 million, a PE ratio of -7.78 and a beta of 0.82. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.56 and a current ratio of 1.13.

Mannatech Company Profile

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.