StockNews.com Initiates Coverage on Mannatech (NASDAQ:MTEX)

StockNews.com started coverage on shares of Mannatech (NASDAQ:MTEX) in a research note published on Wednesday. The firm issued a buy rating on the stock.

Mannatech Stock Up 1.5 %

Shares of NASDAQ:MTEX opened at $12.04 on Wednesday. The firm has a market capitalization of $22.70 million, a P/E ratio of -14.86 and a beta of 1.04. The stock has a 50 day moving average price of $11.70 and a 200-day moving average price of $9.02. Mannatech has a 52-week low of $6.75 and a 52-week high of $16.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.25.

Mannatech (NASDAQ:MTEX) last announced its earnings results on Tuesday, November 12th. The company reported ($0.17) EPS for the quarter. The business had revenue of $31.73 million for the quarter. Mannatech had a negative net margin of 1.26% and a negative return on equity of 15.62%.

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.