Mannatech (NASDAQ:MTEX) Coverage Initiated at StockNews.com

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

Mannatech Stock Performance

Shares of MTEX opened at $10.43 on Thursday. The firm has a fifty day moving average of $8.55 and a 200-day moving average of $7.79. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.25. The company has a market cap of $19.61 million, a price-to-earnings ratio of -12.88 and a beta of 1.18. Mannatech has a 1 year low of $6.75 and a 1 year high of $13.00.

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