Mannatech (NASDAQ:MTEX) Share Price Passes Below 200 Day Moving Average – Here’s Why

Mannatech, Incorporated (NASDAQ:MTEX) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.96 and traded as low as $9.60. Mannatech shares last traded at $9.92, with a volume of 2,823 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Mannatech in a research note on Tuesday. They issued a “buy” rating on the stock.

Mannatech Price Performance

The company’s 50 day moving average price is $11.74 and its 200-day moving average price is $10.00. The company has a market cap of $18.49 million, a price-to-earnings ratio of -12.11 and a beta of 1.06. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.25.

Mannatech Company Profile

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.