Mannatech (NASDAQ:MTEX) Shares Cross Below 200 Day Moving Average – Here’s Why

Mannatech, Incorporated (NASDAQ:MTEX) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $10.05 and traded as low as $9.42. Mannatech shares last traded at $9.61, with a volume of 1,390 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Mannatech in a research note on Wednesday. They set a “buy” rating on the stock.

Mannatech Price Performance

The stock has a market capitalization of $18.11 million, a price-to-earnings ratio of -11.86 and a beta of 1.06. The company has a 50-day simple moving average of $11.31 and a two-hundred day simple moving average of $10.05. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.25 and a quick ratio of 0.74.

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.