Mannatech (NASDAQ:MTEX) Shares Pass Above 50 Day Moving Average – What’s Next?

Mannatech, Incorporated (NASDAQ:MTEX) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.23 and traded as high as $11.00. Mannatech shares last traded at $11.00, with a volume of 1,414 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Mannatech in a report on Saturday. They issued a “buy” rating on the stock.

Mannatech Trading Up 6.0 %

The firm’s 50-day simple moving average is $9.23 and its 200 day simple moving average is $8.03. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 0.74. The firm has a market capitalization of $20.74 million, a price-to-earnings ratio of -13.58 and a beta of 1.18.

Mannatech (NASDAQ:MTEX) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.17) EPS for the quarter. The business had revenue of $31.73 million for the quarter. Mannatech had a negative return on equity of 15.62% and a negative net margin of 1.26%.

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.