Stock analysts at StockNews.com assumed coverage on shares of Mannatech (NASDAQ:MTEX – Get Free Report) in a research report issued on Tuesday. The brokerage set a “buy” rating on the stock.
Mannatech Stock Down 1.8 %
Shares of MTEX opened at $8.35 on Tuesday. The stock has a market cap of $15.69 million, a price-to-earnings ratio of -6.95 and a beta of 1.20. The company has a quick ratio of 0.51, a current ratio of 1.07 and a debt-to-equity ratio of 0.09. Mannatech has a 12 month low of $7.50 and a 12 month high of $15.93. The company has a 50-day moving average price of $8.68 and a two-hundred day moving average price of $8.84.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Mannatech stock. Tower Research Capital LLC TRC boosted its holdings in shares of Mannatech, Incorporated (NASDAQ:MTEX – Free Report) by 167.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,575 shares of the company’s stock after purchasing an additional 987 shares during the period. Tower Research Capital LLC TRC owned about 0.08% of Mannatech worth $27,000 as of its most recent SEC filing. 12.98% of the stock is owned by institutional investors.
Mannatech Company Profile
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.
Read More
- Five stocks we like better than Mannatech
- What Is WallStreetBets and What Stocks Are They Targeting?
- United Airlines Soars on Earnings Beat
- How to Use the MarketBeat Dividend Calculator
- J.B. Hunt Hits the Skids: Lower Prices to Come
- Breakout Stocks: What They Are and How to Identify Them
- Predicting a Bear Market: 7 Signs and Why it’s Tough to Do
Receive News & Ratings for Mannatech Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mannatech and related companies with MarketBeat.com's FREE daily email newsletter.