Mannatech, Incorporated (NASDAQ:MTEX) Issues Earnings Results

Mannatech, Incorporated (NASDAQ:MTEX) released its quarterly earnings results on Tuesday, August 8th. The company reported $0.65 EPS for the quarter, Bloomberg Earnings reports. The business had revenue of $47.69 million during the quarter. Mannatech, had a return on equity of 1.81% and a net margin of 0.41%. During the same quarter in the prior year, the business earned ($0.49) earnings per share.

Shares of Mannatech, (MTEX) traded up 2.29% during mid-day trading on Friday, hitting $15.65. The stock had a trading volume of 490 shares. Mannatech, has a 12-month low of $12.51 and a 12-month high of $23.80. The stock has a market cap of $42.43 million, a P/E ratio of 64.14 and a beta of 1.12. The company’s 50 day moving average price is $15.90 and its 200 day moving average price is $16.16.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 20th. Stockholders of record on Wednesday, September 13th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Tuesday, September 12th. Mannatech,’s payout ratio is currently 217.40%.

In other Mannatech, news, Director Linda K. Ferrell purchased 2,000 shares of the firm’s 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 transaction, the director now owns 5,568 shares in the company, valued at $79,733.76. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.10% of the stock is currently owned by corporate insiders.

An institutional investor recently bought a new position in Mannatech, stock. Northern Trust Corp acquired a new position in shares of Mannatech, Incorporated (NASDAQ:MTEX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,168 shares of the company’s stock, valued at approximately $158,000. Northern Trust Corp owned approximately 0.38% of Mannatech, at the end of the most recent reporting period. 18.84% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History for Mannatech, (NASDAQ:MTEX)

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