Mannatech (NASDAQ:MTEX) Stock Crosses Below 200 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 $10.12 and traded as low as $8.37. Mannatech shares last traded at $8.31, with a volume of 522 shares traded.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on Mannatech in a research note on Friday. They issued a “buy” rating for the company.

Mannatech Stock Performance

The stock has a market cap of $15.80 million, a PE ratio of -10.26 and a beta of 0.98. The firm’s 50-day moving average is $10.31 and its 200 day moving average is $10.12. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.74 and a current ratio of 1.25.

Mannatech (NASDAQ:MTEX) last announced its earnings results on Wednesday, March 26th. The company reported $1.20 EPS for the quarter. Mannatech had a negative net margin of 1.26% and a negative return on equity of 15.62%. The business had revenue of $29.01 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.