Mannatech Inc. (MTEX, Financial), a company known for its health solutions, witnessed a significant stock decline. The stock dropped sharply by 7.36%, trading at $7.05 per share with a volume of 258 shares and a turnover rate of 0.01%.
Based on recent financial reports, Mannatech reported a revenue of $27.74 million but faced a net loss of $624,000, translating to an earnings per share of -$0.33. The gross profit stood at $20.98 million, with a negative price-to-earnings ratio of -11.19. Currently, no institutional ratings for buy, hold, or sell are available for MTEX.
The broader food distribution industry, where Mannatech operates, fell by 1.17%. However, some stocks in the sector like Fuyuan Group, Performance Food Group Company, and Amcon Distributing Company showed significant gains. Active stocks included United Natural Foods, The Chefs' Warehouse, Inc., and Performance Food Group Company, while the most volatile were United Natural Foods, Fuyuan Group, and Spartannash Company.
Mannatech Inc. specializes in developing and selling nutritional supplements, skincare, anti-aging, and weight management products. The company's products are available across three major regions: the Americas, EMEA (Europe, Middle East, and Africa), and Asia-Pacific, with most of its revenue derived from the Asia-Pacific region.
