Mannatech (NASDAQ:MTEX) Stock Passes Below Two Hundred Day Moving Average of $7.82

Mannatech, Incorporated (NASDAQ:MTEX) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.82 and traded as low as $7.62. Mannatech shares last traded at $7.62, with a volume of 957 shares.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Mannatech in a research note on Saturday. They set a “buy” rating on the stock.

Mannatech Stock Performance

The company’s 50 day moving average price is $7.25 and its 200 day moving average price is $7.81. The company has a market cap of $14.18 million, a price-to-earnings ratio of -8.45 and a beta of 1.17. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.62 and a current ratio of 1.17.

Mannatech (NASDAQ:MTEX) last announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.33) EPS for the quarter. Mannatech had a negative return on equity of 11.87% and a negative net margin of 0.97%. The business had revenue of $27.74 million for the quarter.

About Mannatech

Mannatech, Incorporated operates as a health and wellness company in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. The company develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management and fitness products. It primarily sells its products directly, as well as through e-commerce and network marketing channels.