Mannatech (NASDAQ:MTEX) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

Mannatech, Incorporated (NASDAQ:MTEX) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $9.22 and traded as low as $9.06. Mannatech shares last traded at $9.06, with a volume of 6,815 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Mannatech in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Mannatech Trading Up 1.2%

The company has a debt-to-equity ratio of 0.58, a current ratio of 1.11 and a quick ratio of 0.49. The business has a 50 day moving average of $8.98 and a 200 day moving average of $9.22. The firm has a market capitalization of $17.22 million, a price-to-earnings ratio of -4.44 and a beta of 0.81.

Mannatech (NASDAQ:MTEX) last announced its quarterly earnings data on Tuesday, August 12th. The company reported ($2.27) EPS for the quarter. Mannatech had a negative return on equity of 48.60% and a negative net margin of 3.46%.The company had revenue of $25.68 million for the quarter.

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.