Mannatech (NASDAQ:MTEX) Stock Crosses Below Two Hundred Day Moving Average of $8.02

Mannatech, Incorporated (NASDAQ:MTEX) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.02 and traded as low as $7.10. Mannatech shares last traded at $7.20, with a volume of 4,855 shares trading hands.

Analysts Set New Price Targets

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

Mannatech Price Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 1.08 and a quick ratio of 0.56. The stock has a market capitalization of $13.57 million, a P/E ratio of -8.09 and a beta of 1.17. The stock’s fifty day moving average is $7.27 and its 200-day moving average is $8.02.

Mannatech (NASDAQ:MTEX) last released its quarterly earnings results on Tuesday, May 14th. The company reported $0.63 earnings per share (EPS) for the quarter. The company had revenue of $29.39 million during the quarter. Mannatech had a negative return on equity of 15.37% and a negative net margin of 1.31%.

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.