Mannatech (NASDAQ:MTEX) Stock Price Crosses Above Fifty Day Moving Average of $16.51
Mannatech, Inc. (NASDAQ:MTEX)’s stock price crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $16.51 and traded as high as $16.90. Mannatech shares last traded at $16.67, with a volume of 106 shares trading hands.
The company has a current ratio of 1.34, a quick ratio of 0.95 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average of $16.51 and a two-hundred day moving average of $16.73.
Mannatech (NASDAQ:MTEX) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.81 earnings per share for the quarter. The firm had revenue of $40.71 million for the quarter. Mannatech had a negative return on equity of 2.12% and a negative net margin of 0.34%.
An institutional investor recently raised its position in Mannatech stock. BlackRock Inc. boosted its holdings in shares of Mannatech, Inc. (NASDAQ:MTEX) by 1.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 78,833 shares of the company’s stock after buying an additional 825 shares during the period. BlackRock Inc. owned approximately 3.29% of Mannatech worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission. 15.88% of the stock is owned by hedge funds and other institutional investors.
Mannatech Company Profile (NASDAQ:MTEX)
Mannatech, Incorporated provides wellness solutions. It develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management products. The company primarily sells its products directly, as well as through network marketing channels and a Website.
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