StockNews.com Begins Coverage on Mannatech (NASDAQ:MTEX)

Research analysts at StockNews.com assumed coverage on shares of Mannatech (NASDAQ:MTEX) in a report issued on Saturday. The brokerage set a “buy” rating on the stock.

Mannatech Stock Performance

Shares of NASDAQ MTEX opened at $11.60 on Friday. The stock has a market cap of $21.80 million, a price-to-earnings ratio of -14.31 and a beta of 1.02. The company has a current ratio of 1.25, a quick ratio of 0.74 and a debt-to-equity ratio of 0.44. Mannatech has a 1-year low of $6.75 and a 1-year high of $16.49. The stock’s 50-day moving average is $12.28 and its 200 day moving average is $9.51.

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.