Mannatech (NASDAQ:MTEX) Posts Earnings Results

Mannatech (NASDAQ:MTEX) released its quarterly earnings results on Wednesday. The company reported $1.20 EPS for the quarter, Zacks reports. Mannatech had a negative return on equity of 15.62% and a negative net margin of 1.26%.

Mannatech Trading Up 1.7 %

NASDAQ MTEX traded up $0.16 on Wednesday, hitting $9.78. 1,390 shares of the stock were exchanged, compared to its average volume of 4,408. 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 has a 52-week low of $6.75 and a 52-week high of $16.49. The firm has a market capitalization of $18.44 million, a P/E ratio of -12.07 and a beta of 1.06. The stock has a fifty day moving average price of $11.31 and a two-hundred day moving average price of $10.05.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Mannatech in a research note on Wednesday. They issued a “buy” rating for the company.

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.