Mannatech (NASDAQ:MTEX) Coverage Initiated at StockNews.com

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

Mannatech Price Performance

Shares of MTEX opened at $11.60 on Friday. Mannatech has a 1 year low of $6.75 and a 1 year high of $16.49. 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 company has a market capitalization of $21.80 million, a price-to-earnings ratio of -14.31 and a beta of 1.02. The business has a 50-day moving average of $12.28 and a 200-day moving average of $9.54.

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.