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

Equities research analysts at StockNews.com initiated coverage on shares of Mannatech (NASDAQ:MTEX) in a research note issued on Monday. The firm set a “buy” rating on the stock.

Mannatech Stock Up 4.6 %

MTEX stock opened at $11.56 on Monday. The stock’s fifty day simple moving average is $12.26 and its two-hundred day simple moving average is $9.81. 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 has a market cap of $21.78 million, a P/E ratio of -14.27 and a beta of 1.06.

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.