Mannatech, Incorporated (NASDAQ:MTEX) Posts Quarterly Earnings Results
Mannatech, Incorporated (NASDAQ:MTEX) issued its earnings results on Tuesday. The company reported $0.65 earnings per share for the quarter, Bloomberg Earnings reports. Mannatech, had a negative return on equity of 5.96% and a negative net margin of 1.33%. The business had revenue of $47.69 million during the quarter. During the same quarter in the prior year, the company posted ($0.49) earnings per share.
Shares of Mannatech, (NASDAQ MTEX) remained flat at $16.00 during midday trading on Wednesday. The company’s stock had a trading volume of 914 shares. Mannatech, has a 52-week low of $12.51 and a 52-week high of $23.80. The company’s market capitalization is $43.36 million. The stock’s 50-day moving average price is $15.70 and its 200-day moving average price is $16.42.
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In related news, Director Linda K. Ferrell bought 2,000 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was purchased at an average cost of $14.32 per share, with a total value of $28,640.00. Following the purchase, the director now directly owns 5,568 shares of the company’s stock, valued at approximately $79,733.76. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 23.10% of the company’s stock.
Mannatech, Company Profile
Mannatech, Incorporated is a wellness solution provider. The Company develops and sells nutritional supplements, topical and skin care and anti-aging products, and weight-management products. The Company operates through the segment of sale of nutritional supplements, skin care and anti-aging products, and weight management and fitness products through network marketing distribution channels in approximately 20 countries.
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