Maui Land & Pineapple (NYSE:MLP) Shares Cross Below 200-Day Moving Average – Time to Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.42 and traded as low as $15.68. Maui Land & Pineapple shares last traded at $15.9130, with a volume of 25,228 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MLP. Wall Street Zen raised shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research note on Saturday, January 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Maui Land & Pineapple in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Maui Land & Pineapple presently has an average rating of “Sell”.

Maui Land & Pineapple Stock Performance

The company has a market capitalization of $322.09 million, a PE ratio of -30.02 and a beta of 0.69. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.24 and a current ratio of 1.24. The stock’s fifty day simple moving average is $16.32 and its 200-day simple moving average is $16.40.

Maui Land & Pineapple (NYSE:MLP) last released its earnings results on Tuesday, March 31st. The financial services provider reported ($0.06) earnings per share (EPS) for the quarter. The firm had revenue of $4.53 million during the quarter. Maui Land & Pineapple had a negative net margin of 54.37% and a negative return on equity of 35.32%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Strs Ohio purchased a new position in shares of Maui Land & Pineapple during the 1st quarter worth about $26,000. Tower Research Capital LLC TRC lifted its holdings in shares of Maui Land & Pineapple by 339.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 2,177 shares during the period. Deutsche Bank AG lifted its holdings in shares of Maui Land & Pineapple by 23.4% during the 4th quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 999 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Maui Land & Pineapple by 75.8% during the 4th quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider’s stock worth $127,000 after acquiring an additional 3,224 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Maui Land & Pineapple by 9.2% during the 4th quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock worth $180,000 after acquiring an additional 892 shares during the period. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.