Mannatech (NASDAQ:MTEX) Director Kevin Andrew Robbins Purchases 7,100 Shares

Mannatech, Incorporated (NASDAQ:MTEX) Director Kevin Andrew Robbins purchased 7,100 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost of $4.17 per share, for a total transaction of $29,607.00. Following the completion of the transaction, the director directly owned 33,333 shares of the company’s stock, valued at approximately $138,998.61. This represents a 27.07% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Mannatech Stock Performance

NASDAQ MTEX opened at $3.95 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.59 and a debt-to-equity ratio of 0.48. The firm’s fifty day moving average price is $5.56 and its two-hundred day moving average price is $7.28. Mannatech, Incorporated has a 1 year low of $3.80 and a 1 year high of $12.45. The firm has a market capitalization of $7.62 million, a P/E ratio of -0.59 and a beta of 0.61.

Mannatech (NASDAQ:MTEX) last posted its quarterly earnings results 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 firm had revenue of $24.92 million for the quarter.

Mannatech Company Profile

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.