Mannatech (NASDAQ:MTEX) Releases Quarterly Earnings Results

Mannatech (NASDAQ:MTEX) issued its earnings results on Thursday. The company reported $0.49 earnings per share for the quarter, FiscalAI reports. Mannatech had a negative return on equity of 496.67% and a negative net margin of 11.97%.The company had revenue of $24.92 million during the quarter.

Mannatech Stock Down 8.7%

Shares of NASDAQ MTEX traded down $0.40 on Friday, hitting $4.22. The company had a trading volume of 13,092 shares, compared to its average volume of 50,229. Mannatech has a 12-month low of $4.16 and a 12-month high of $12.45. The business has a 50 day moving average of $5.72 and a two-hundred day moving average of $7.39. The company has a quick ratio of 0.56, a current ratio of 1.10 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $8.14 million, a P/E ratio of -0.63 and a beta of 0.61.

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.