Mannatech (NASDAQ:MTEX) Director Buys 2,803 Shares
by Scott Moore · The Cerbat GemMannatech, Incorporated (NASDAQ:MTEX – Get Free Report) Director Larry Jobe bought 2,803 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average price of $4.12 per share, with a total value of $11,548.36. Following the acquisition, the director directly owned 70,000 shares in the company, valued at approximately $288,400. This trade represents a 4.17% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Mannatech Trading Up 10.4%
NASDAQ MTEX traded up $0.41 during mid-day trading on Thursday, hitting $4.36. The company’s stock had a trading volume of 208,929 shares, compared to its average volume of 26,830. Mannatech, Incorporated has a 52-week low of $3.80 and a 52-week high of $12.45. The stock’s fifty day simple moving average is $5.56 and its two-hundred day simple moving average is $7.28. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.09 and a quick ratio of 0.59. The firm has a market capitalization of $8.41 million, a P/E ratio of -0.65 and a beta of 0.61.
Mannatech (NASDAQ:MTEX – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.49 earnings per share (EPS) for the quarter. Mannatech had a negative net margin of 11.97% and a negative return on equity of 2,383.34%. The company had revenue of $24.92 million during the quarter.
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.