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

Research analysts at StockNews.com initiated coverage on shares of Mannatech (NASDAQ:MTEX) in a research report issued to clients and investors on Friday. The brokerage set a “buy” rating on the stock.

Mannatech Price Performance

Shares of NASDAQ MTEX opened at $11.80 on Friday. 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 stock has a fifty day moving average price of $12.31 and a 200 day moving average price of $9.38. Mannatech has a 1-year low of $6.75 and a 1-year high of $16.49. The company has a market cap of $22.18 million, a PE ratio of -14.57 and a beta of 1.02.

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.