StockNews.com Initiates Coverage on Mannatech (NASDAQ:MTEX)

StockNews.com started coverage on shares of Mannatech (NASDAQ:MTEXFree Report) in a report released on Saturday. The brokerage issued a buy rating on the stock.

Mannatech Price Performance

MTEX opened at $7.95 on Friday. The company has a 50 day moving average of $8.29 and a 200 day moving average of $8.59. Mannatech has a 12 month low of $7.30 and a 12 month high of $15.10. The company has a quick ratio of 0.51, a current ratio of 1.08 and a debt-to-equity ratio of 0.09.

Mannatech (NASDAQ:MTEXGet Free Report) last released its quarterly earnings data on Thursday, March 28th. The company reported ($0.94) EPS for the quarter. The business had revenue of $32.69 million during the quarter. Mannatech had a negative return on equity of 15.37% and a negative net margin of 1.31%.

About Mannatech

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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.

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