Larry Jobe Acquires 5,000 Shares of Mannatech (NASDAQ:MTEX) Stock

Mannatech, Incorporated (NASDAQ:MTEX) Director Larry Jobe acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was bought at an average price of $4.20 per share, for a total transaction of $21,000.00. Following the acquisition, the director owned 67,197 shares of the company’s stock, valued at approximately $282,227.40. This trade represents a 8.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mannatech Stock Up 11.9%

MTEX opened at $4.42 on Friday. The company has a market cap of $8.53 million, a P/E ratio of -0.66 and a beta of 0.61. The business’s 50-day moving average price is $5.52 and its 200-day moving average price is $7.24. The company has a current ratio of 1.09, a quick ratio of 0.59 and a debt-to-equity ratio of 0.48. Mannatech, Incorporated has a 12 month low of $3.80 and a 12 month high of $12.45.

Mannatech (NASDAQ:MTEX) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.49 EPS for the quarter. The firm had revenue of $24.92 million for the quarter. Mannatech had a negative return on equity of 2,383.34% and a negative net margin of 11.97%.

Mannatech Company Profile

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.