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

Mannatech, Incorporated (NASDAQ:MTEX) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $8.21 and traded as low as $5.78. Mannatech shares last traded at $5.78, with a volume of 4,163 shares.

Wall Street Analyst Weigh In

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

Mannatech Trading Down 15.0%

The firm has a 50-day moving average of $7.05 and a two-hundred day moving average of $8.21. The firm has a market capitalization of $10.98 million, a P/E ratio of -6.72 and a beta of 0.81. The company has a current ratio of 1.13, a quick ratio of 0.56 and a debt-to-equity ratio of 0.48.

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.