Key Points
- Director Larry Jobe bought 5,000 shares of Mannatech at $4.20 each, a $21,000 transaction that increased his stake by 8.04% to 67,197 shares.
- Mannatech stock was trading at $3.95 at the time of the report, near its 52-week low of $3.80 and well below its 50-day and 200-day moving averages.
- The company recently reported quarterly revenue of $24.92 million and EPS of $0.49, but it continued to post negative profitability metrics, including a net margin of -11.97%.
Mannatech, Incorporated (NASDAQ:MTEX - Get Free Report) Director Larry Jobe bought 5,000 shares of the firm's stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $4.20 per share, for a total transaction of $21,000.00. Following the completion of the transaction, the director owned 67,197 shares in the company, valued at $282,227.40. This represents a 8.04% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Mannatech Price Performance
Shares of Mannatech stock opened at $3.95 on Thursday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.59 and a current ratio of 1.09. The firm's 50-day simple moving average is $5.56 and its 200-day simple moving average is $7.28. Mannatech, Incorporated has a twelve month low of $3.80 and a twelve month high of $12.45. The firm has a market cap of $7.62 million, a P/E ratio of -0.59 and a beta of 0.61.
Mannatech (NASDAQ:MTEX - Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.49 EPS for the quarter. The firm had revenue of $24.92 million for the quarter. Mannatech had a negative net margin of 11.97% and a negative return on equity of 2,383.34%.
Mannatech Company Profile
(
Get Free Report)
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.
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