Today it was reported that a Director at Mannatech (MTEX), Gerald Gilbert, exercised options to buy 5,000 MTEX shares at $19.60 a share, for a total transaction value of $98K.
This recent transaction increases Gerald Gilbert’s holding in the company by 21.83% to a total of $554.4K. Following Gerald Gilbert’s last MTEX Buy transaction on June 20, 2017, the stock climbed by 7.0%.
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Based on Mannatech’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $43.01 million and GAAP net loss of $1.66 million. In comparison, last year the company earned revenue of $42 million and had a net profit of $1.38 million. Currently, Mannatech has an average volume of 2,028.
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Mannatech, Inc. develops nutritional supplements, topical and skin care products, and weight-management products that target optimal health and wellness. Its three major categories of products include Health, Weight & Fitness, and Skin Care.
