Initiates Coverage on Mannatech (NASDAQ:MTEX) started coverage on shares of Mannatech (NASDAQ:MTEXFree Report) in a research note released on Sunday morning. The brokerage issued a buy rating on the stock.

Mannatech Price Performance

Shares of MTEX stock opened at $8.22 on Friday. The firm has a fifty day moving average of $8.87 and a two-hundred day moving average of $9.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.09 and a quick ratio of 0.50. Mannatech has a 1-year low of $7.50 and a 1-year high of $18.19. The firm has a market cap of $15.29 million, a P/E ratio of -6.85 and a beta of 1.21.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mannatech stock. LSV Asset Management lifted its stake in Mannatech, Incorporated (NASDAQ:MTEXFree Report) by 1,090.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,142 shares of the company’s stock after acquiring an additional 6,542 shares during the period. LSV Asset Management owned 0.37% of Mannatech worth $261,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 12.98% of the company’s stock.

About Mannatech

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Mannatech, Incorporated operates as a health and wellness company worldwide. It develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management and fitness products. The company primarily sells its products directly, as well as through e-commerce and network marketing channels.

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