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

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

Mannatech Trading Up 2.6%

Shares of NASDAQ MTEX traded up $0.11 during midday trading on Wednesday, reaching $4.32. The company had a trading volume of 57,830 shares, compared to its average volume of 24,752. Mannatech, Incorporated has a one year low of $3.89 and a one year high of $12.45. The company has a quick ratio of 0.59, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average price is $5.62 and its 200-day moving average price is $7.32. The stock has a market cap of $8.34 million, a PE ratio of -0.64 and a beta of 0.61.

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

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.