Mannatech, Inc. (NASDAQ: MTEX), whose website is dedicated to the 17 countries it provides for, is a laggard in the $6.149 Billion Personal Products Industry. Ranked 78th out of 95 vs. the Industry Leader, Reckitt Benckiser Group plc (LSE: RB.L), MTEX and their reported 490 employees develops and sells nutritional supplements, topical and skin care products as well as the growing weight-management products. MTEX sells its supplements and products through a vast network of independent associates and members in the 17 countries it has dedicated its website to.
Mannatech got the approval of shareholders after holding a special meeting for the company’s reverse stock split. 20,444,217 shares were represented in person or by proxy, 77.2% of the total shares outstanding, voted “FOR” the proposal. The approval gives Mannatech’s Board of Directors authority to amend the company’s Articles of Incorporation. The Board of Directors passed a resolution to set the ratio for the stock split at 1-for-10 which was filed January 13, 2012.
Mannatech Co-CEO, CFO Stephen Fenstermacher announced his resignation in mid-December, 2011. The Board of Directors made a number of changes to start 2012. The promotions and new executive team have investors excited about what will happen for Mannatech in 2012 and 2013, and the structuring of the company to support their plans to the fullest.
Based in Coppell, TX, Mannatech’s stock is traded under the symbol MTEX on the NASDAQ Stock Exchange and has 490 listed full time employees.
Website: http://us.mannatech.com/
Company Snapshot:
| Trading Symbol: | NASDAQ: MTEX |
| Last Price: | $0.39 |
| Avg Vol (3 month): | 35,383 |
| Avg Vol (10 day): | 32,663 |
| Market Cap: | 10.59M |
| Next Earnings Date: | March 5, 2012 |
| EBITDA (ttm)6: | -2.51M |
| Total Cash (mrq): | $20.83M |
| Shares Outstanding: | 26.48 million shares |
| Float: | 17.10 million shares |
| Shares Held by Insiders: | 35.29% |
| Recent Insider Purchases: | January 13, 2012 Nicholls, Steven Mark, CFO 25,000 shares |
| Institutions Holding Shares: | 30 |
| Top Institutional Holder: | 678,400 shares Renaissance Technologies, LLC (as of 9/30/2011) |
| Top Mutual Fund Holder: | 218,373 shares Vanguard Total Stock Market Index Fund (as of 9/30/2011) |
| Contact Information: | 600 South Royal Lane Suite 200 Coppell, TX 75019 |
| Investor/Analyst inquiries: | Phone: (972) 471-6512 Fax: (972) 471-7342 E-mail: IR@mannatech.com |
Mannatech, Inc.(NASDAQ: MTEX) closing price on Friday, January 13, was $0.39.
MTEX is trading -17.07% below its 50 day moving average and -35.00% below its 200 day moving average.
MTEX is -81.40% below its 52-week high of $2.15 and 5.26% above its 52-week low of $0.38.
MTEX‘s market cap is $10.59M.
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