Mannatech (NASDAQ:MTEX) Issues Earnings Results

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

Mannatech Stock Performance

Shares of NASDAQ:MTEX opened at $7.51 on Friday. The business has a 50 day moving average price of $7.74 and a 200 day moving average price of $7.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.62 and a current ratio of 1.25. Mannatech has a twelve month low of $6.75 and a twelve month high of $10.51.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Mannatech in a research note on Sunday, November 10th. They issued a “buy” rating on the stock.

Insiders Place Their Bets

In other news, Director Larry A. Jobe sold 16,288 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $7.75, for a total transaction of $126,232.00. Following the completion of the transaction, the director now owns 54,721 shares of the company’s stock, valued at approximately $424,087.75. This represents a 22.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 41.50% of the company’s stock.

Mannatech Company Profile

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.