Mannatech (NASDAQ:MTEX) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Mannatech, Incorporated (NASDAQ:MTEX) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.98 and traded as low as $5.14. Mannatech shares last traded at $5.30, with a volume of 6,528 shares changing hands.

Wall Street Analyst Weigh In

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

Mannatech Trading Up 6.9%

The company has a current ratio of 1.13, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48. The business has a 50 day moving average of $6.59 and a 200-day moving average of $7.98. The stock has a market cap of $10.08 million, a PE ratio of -0.66 and a beta of 0.82.

Mannatech (NASDAQ:MTEX) last released its earnings results on Wednesday, April 15th. The company reported ($5.94) earnings per share (EPS) for the quarter. The firm had revenue of $26.64 million during the quarter. Mannatech had a negative net margin of 1.50% and a negative return on equity of 22.75%.

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.