Mannatech (NASDAQ:MTEX) Stock Passes Below Two Hundred Day Moving Average – What’s Next?

Mannatech, Incorporated (NASDAQ:MTEX)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $10.05 and traded as low as $9.42. Mannatech shares last traded at $9.61, with a volume of 1,390 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Mannatech in a research note on Wednesday. They issued a “buy” rating on the stock.

Mannatech Price Performance

The business has a 50 day moving average price of $11.13 and a 200-day moving average price of $10.05. The company has a market capitalization of $16.90 million, a price-to-earnings ratio of -11.07 and a beta of 1.06. 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 issued its quarterly earnings results on Wednesday, March 26th. The company reported $1.20 earnings per share (EPS) for the quarter. The firm had revenue of $29.01 million for the quarter. Mannatech had a negative return on equity of 15.62% and a negative net margin of 1.26%.

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.