Kevin Andrew Robbins Buys 7,100 Shares of Mannatech (NASDAQ:MTEX) Stock

Mannatech, Incorporated (NASDAQ:MTEX) Director Kevin Andrew Robbins purchased 7,100 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average price of $4.17 per share, for a total transaction of $29,607.00. Following the acquisition, the director 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 SEC, which can be accessed through the SEC website.

Mannatech Stock Up 2.6%

NASDAQ:MTEX traded up $0.11 on Wednesday, hitting $4.32. The stock had a trading volume of 57,830 shares, compared to its average volume of 24,752. Mannatech, Incorporated has a 52 week low of $3.89 and a 52 week high of $12.45. The company has a quick ratio of 0.59, a current ratio of 1.09 and a debt-to-equity ratio of 0.48. The business’s fifty day moving average is $5.62 and its 200 day moving average is $7.32. The company has a market cap of $8.34 million, a PE ratio of -0.64 and a beta of 0.61.

Mannatech (NASDAQ:MTEX) last posted its earnings results on Thursday, May 14th. The company reported $0.49 earnings per share for the quarter. Mannatech had a negative return on equity of 2,383.34% and a negative net margin of 11.97%.The company had revenue of $24.92 million for the quarter.

About Mannatech

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.