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

Mannatech, Incorporated (NASDAQ:MTEX)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $9.85 and traded as low as $9.20. Mannatech shares last traded at $9.90, with a volume of 22,635 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen initiated coverage on Mannatech in a research report on Wednesday, May 21st. They issued a “buy” rating for the company.

Mannatech Price Performance

The stock has a market cap of $18.81 million, a P/E ratio of -4.85 and a beta of 0.84. The firm has a 50-day moving average price of $8.87 and a 200-day moving average price of $9.85. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.65 and a current ratio of 1.11.

Mannatech (NASDAQ:MTEX) last announced its earnings results on Tuesday, August 12th. The company reported ($2.27) earnings per share (EPS) for the quarter. Mannatech had a negative return on equity of 48.60% and a negative net margin of 3.46%. The firm had revenue of $25.68 million during the quarter.

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.