News stories about Mannatech (NASDAQ:MTEX) have been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Mannatech earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the company an impact score of 47.0239751155426 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Separately, ValuEngine lowered Mannatech from a “buy” rating to a “hold” rating in a report on Wednesday, July 25th.
MTEX stock traded down $0.15 during midday trading on Friday, reaching $20.25. The stock had a trading volume of 4,867 shares, compared to its average volume of 8,081. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.08 and a current ratio of 1.37. The firm has a market capitalization of $48.29 million, a P/E ratio of 25.44 and a beta of 1.62. Mannatech has a 52-week low of $13.50 and a 52-week high of $22.40.
Mannatech declared that its board has approved a stock repurchase program on Friday, August 10th that authorizes the company to buyback $500,000.00 in outstanding shares. This buyback authorization authorizes the company to buy up to 1.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 26th. Shareholders of record on Monday, September 17th will be issued a $0.50 dividend. The ex-dividend date is Friday, September 14th. This represents a $2.00 dividend on an annualized basis and a yield of 9.88%. This is a positive change from Mannatech’s previous quarterly dividend of $0.13.
Mannatech, Incorporated provides wellness solutions. The company develops, markets, and sells nutritional supplements, topical, skin care and anti-aging products, and weight-management products. It markets its products through network marketing channels in the Americas, Europe/the Middle East/Africa, and the Asia/Pacific.
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