Mannatech (NASDAQ:MTEX) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of Mannatech, Incorporated (NASDAQ:MTEX) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.59 and traded as low as $6.90. Mannatech shares last traded at $6.98, with a volume of 2,454 shares.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Mannatech in a research report on Monday, December 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Mannatech Price Performance

The stock has a market cap of $13.26 million, a PE ratio of -8.12 and a beta of 0.79. The business’s 50-day simple moving average is $7.68 and its 200-day simple moving average is $8.59. The company has a quick ratio of 0.56, a current ratio of 1.13 and a debt-to-equity ratio of 0.48.

About Mannatech

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.