Larry Jobe Purchases 5,000 Shares of Mannatech (NASDAQ:MTEX) Stock

Mannatech, Incorporated (NASDAQ:MTEX) Director Larry Jobe purchased 5,000 shares of Mannatech stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $4.20 per share, with a total value of $21,000.00. Following the completion of the transaction, the director owned 67,197 shares of the company’s stock, valued at $282,227.40. This represents a 8.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Mannatech Stock Performance

Shares of NASDAQ MTEX traded up $0.11 during mid-day trading on Wednesday, hitting $4.32. The company had a trading volume of 57,830 shares, compared to its average volume of 24,752. The company has a market capitalization of $8.34 million, a price-to-earnings ratio of -0.64 and a beta of 0.61. Mannatech, Incorporated has a 1 year low of $3.89 and a 1 year high of $12.45. The company has a current ratio of 1.09, a quick ratio of 0.59 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average price is $5.62 and its 200-day moving average price is $7.32.

Mannatech (NASDAQ:MTEX) last posted its earnings results on Thursday, May 14th. The company reported $0.49 EPS for the quarter. Mannatech had a negative return on equity of 2,383.34% and a negative net margin of 11.97%.The business had revenue of $24.92 million during the quarter.

Mannatech Company Profile

Mannatech, Inc is a global health and wellness company that develops and markets a range of dietary supplements and personal care products through a direct selling business model. The company’s core focus is on glyconutrients, specialized carbohydrates believed to support cellular communication, which form the basis of many of its flagship offerings. Operating under a network marketing structure, Mannatech empowers independent associates to promote and distribute its products in markets around the world.

The company’s product portfolio includes nutritional supplements aimed at immune support, digestive health, and healthy aging, as well as skincare items designed to promote hydration and skin vitality.