Mannatech (NASDAQ:MTEX) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com began coverage on shares of Mannatech (NASDAQ:MTEX – Get Rating) in a research note issued to investors on Wednesday. The firm set a “buy” rating on the stock.

Separately, TheStreet lowered shares of Mannatech from a “b-” rating to a “d+” rating in a report on Thursday, April 6th.

Mannatech Price Performance

NASDAQ:MTEX opened at $12.51 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.17 and a quick ratio of 0.68. The firm has a market cap of $23.42 million, a price-to-earnings ratio of -4.98 and a beta of 1.21. The company has a 50 day moving average price of $14.88 and a 200-day moving average price of $17.46. Mannatech has a 1-year low of $11.91 and a 1-year high of $27.99.

Mannatech (NASDAQ:MTEX – Get Rating) last issued its quarterly earnings results on Friday, March 17th. The company reported ($3.78) EPS for the quarter. The company had revenue of $34.34 million during the quarter. Mannatech had a negative return on equity of 26.68% and a negative net margin of 3.26%.

Institutional Investors Weigh In On Mannatech

A hedge fund recently raised its stake in Mannatech stock. LSV Asset Management raised its holdings in shares of Mannatech, Incorporated (NASDAQ:MTEX – Get Rating) by 1,090.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,142 shares of the company’s stock after buying an additional 6,542 shares during the quarter. LSV Asset Management owned about 0.37% of Mannatech worth $261,000 as of its most recent SEC filing. Institutional investors and hedge funds own 24.90% of the company’s stock.

About Mannatech

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Mannatech, Inc engages in the development of nutritional supplements, topical and skin care products and weight-management products that target optimal health and wellness. Its product category includes integrative health, targeted health, wealth and fitness, skin care, essentials, and home. The company was founded by Marlin Ray Robbins and Samuel L.