Mannatech (NASDAQ:MTEX) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Mannatech, Incorporated (NASDAQ:MTEX)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.95 and traded as low as $5.50. Mannatech shares last traded at $5.70, with a volume of 7,293 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Mannatech from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Mannatech Price Performance

The firm has a 50 day simple moving average of $5.24 and a 200-day simple moving average of $6.95. The company has a quick ratio of 0.59, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. The company has a market cap of $11.00 million, a PE ratio of -0.85 and a beta of 0.72.

Mannatech (NASDAQ:MTEX) last posted its earnings results on Thursday, May 14th. The company reported $0.49 earnings per share (EPS) for the quarter. Mannatech had a negative return on equity of 2,383.34% and a negative net margin of 11.97%.The company had revenue of $24.92 million for the quarter.

Insider Transactions at Mannatech

In related news, Director Kevin Andrew Robbins bought 7,100 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $4.17 per share, for a total transaction of $29,607.00. Following the completion of the purchase, the director directly owned 33,333 shares of the company’s stock, valued at approximately $138,998.61. This trade represents a 27.07% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 14,903 shares of company stock valued at $62,155 in the last 90 days. 41.50% of the stock is owned by insiders.

About Mannatech

Mannatech, Inc is a global health and wellness company that develops and markets a range of dietary supplements and personal care products through a direct selling business model. The company’s core focus is on glyconutrients, specialized carbohydrates believed to support cellular communication, which form the basis of many of its flagship offerings. Operating under a network marketing structure, Mannatech empowers independent associates to promote and distribute its products in markets around the world.

The company’s product portfolio includes nutritional supplements aimed at immune support, digestive health, and healthy aging, as well as skincare items designed to promote hydration and skin vitality.