Mannatech (NASDAQ:MTEX) Research Coverage Started at StockNews.com

StockNews.com started coverage on shares of Mannatech (NASDAQ:MTEXGet Rating) in a report released on Monday. The firm issued a buy rating on the stock.

Separately, TheStreet upgraded shares of Mannatech from a c+ rating to a b- rating in a research note on Thursday, October 13th.

Mannatech Stock Performance

NASDAQ MTEX opened at $22.50 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.27 and a quick ratio of 0.74. Mannatech has a 1 year low of $15.49 and a 1 year high of $40.00. The company has a market capitalization of $41.85 million, a PE ratio of 9.96 and a beta of 1.12. The company has a fifty day moving average of $21.83 and a two-hundred day moving average of $21.58.

Mannatech Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 28th. Stockholders of record on Wednesday, December 14th will be paid a dividend of $0.20 per share. The ex-dividend date is Tuesday, December 13th. This represents a $0.80 annualized dividend and a dividend yield of 3.56%. Mannatech’s dividend payout ratio (DPR) is 35.40%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Mannatech stock. LSV Asset Management increased its position in shares of Mannatech, Incorporated (NASDAQ:MTEXGet Rating) by 1,090.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,142 shares of the company’s stock after acquiring an additional 6,542 shares during the quarter. LSV Asset Management owned approximately 0.37% of Mannatech worth $261,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 23.74% of the company’s stock.

About Mannatech

(Get Rating)

Mannatech, Incorporated operates as a health and wellness company worldwide. It develops, markets, and sells nutritional supplements; topical and skin care, and anti-aging products; and weight-management products. The company primarily sells its products directly, as well as through e-commerce and network marketing channels.

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