Mannatech (NASDAQ:MTEX) Issues Quarterly Earnings Results

Mannatech (NASDAQ:MTEX) posted its quarterly earnings results on Tuesday. The company reported ($0.17) earnings per share (EPS) for the quarter, reports. The business had revenue of $31.73 million for the quarter. Mannatech had a negative return on equity of 15.74% and a negative net margin of 1.26%.

Mannatech Stock Performance

Shares of MTEX opened at $8.00 on Thursday. Mannatech has a one year low of $6.75 and a one year high of $10.51. The company has a market cap of $15.08 million, a PE ratio of -9.88 and a beta of 1.17. The stock has a 50-day moving average of $7.74 and a 200-day moving average of $7.54. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.17 and a quick ratio of 0.62.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Mannatech news, Director Larry A. Jobe sold 16,288 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $7.75, for a total value of $126,232.00. Following the transaction, the director now owns 54,721 shares in the company, valued at approximately $424,087.75. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 41.50% of the stock is owned by company insiders.

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.