Mannatech (NASDAQ:MTEX) Now Covered by StockNews.com

Equities research analysts at StockNews.com initiated coverage on shares of Mannatech (NASDAQ:MTEX – Get Rating) in a report issued on Wednesday. The firm set a “buy” rating on the stock.

Separately, TheStreet lowered Mannatech from a “b-” rating to a “d+” rating in a research report on Thursday, April 6th.

Mannatech Price Performance

MTEX stock opened at $12.14 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.17 and a quick ratio of 0.68. The firm has a market capitalization of $22.70 million, a P/E ratio of -4.84 and a beta of 1.21. The business’s 50-day moving average is $14.66 and its two-hundred day moving average is $17.39. Mannatech has a 1 year low of $11.91 and a 1 year high of $27.99.

Mannatech (NASDAQ:MTEX – Get Rating) last issued its earnings results on Friday, March 17th. The company reported ($3.78) earnings per share for the quarter. Mannatech had a negative return on equity of 26.68% and a negative net margin of 3.26%. The business had revenue of $34.34 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mannatech stock. LSV Asset Management boosted its position in shares of Mannatech, Incorporated (NASDAQ:MTEX – Get Rating) by 1,090.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,142 shares of the company’s stock after buying an additional 6,542 shares during the period. LSV Asset Management owned 0.37% of Mannatech worth $261,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 24.90% of the company’s stock.

Mannatech Company Profile

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Mannatech, Inc engages in the development of nutritional supplements, topical and skin care products and weight-management products that target optimal health and wellness. Its product category includes integrative health, targeted health, wealth and fitness, skin care, essentials, and home. The company was founded by Marlin Ray Robbins and Samuel L.