Mannatech (NASDAQ:MTEX) Announces Earnings Results

Mannatech (NASDAQ:MTEX) issued its quarterly earnings data on Wednesday. The company reported $1.20 EPS for the quarter, Zacks reports. Mannatech had a negative net margin of 1.26% and a negative return on equity of 15.62%.

Mannatech Stock Up 1.7 %

Shares of MTEX stock traded up $0.16 during mid-day trading on Wednesday, reaching $9.78. 1,390 shares of the company’s stock traded hands, compared to its average volume of 4,408. The company has a market cap of $18.44 million, a P/E ratio of -12.07 and a beta of 1.06. The company’s 50-day moving average price is $11.31 and its 200-day moving average price is $10.05. The company has a quick ratio of 0.74, a current ratio of 1.25 and a debt-to-equity ratio of 0.44. Mannatech has a 12 month low of $6.75 and a 12 month high of $16.49.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Mannatech in a research note on Wednesday. They issued a “buy” rating for the company.

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.