Maui Land & Pineapple (NYSE:MLP) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.25 and traded as low as $15.42. Maui Land & Pineapple shares last traded at $15.4870, with a volume of 9,246 shares trading hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a report on Saturday, January 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Maui Land & Pineapple Stock Performance

The company has a market capitalization of $307.73 million, a P/E ratio of -28.68 and a beta of 0.66. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 1.24. The stock’s 50 day simple moving average is $16.03 and its two-hundred day simple moving average is $16.25.

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

Institutional Investors Weigh In On Maui Land & Pineapple

Several institutional investors have recently modified their holdings of MLP. Valueworks LLC grew its position in shares of Maui Land & Pineapple by 21.1% during the 4th quarter. Valueworks LLC now owns 1,201,935 shares of the financial services provider’s stock worth $20,361,000 after buying an additional 209,613 shares during the period. Steinberganna Wealth Management acquired a new stake in shares of Maui Land & Pineapple during the 3rd quarter worth approximately $304,000. TSP Capital Management Group LLC grew its position in shares of Maui Land & Pineapple by 0.3% during the 1st quarter. TSP Capital Management Group LLC now owns 1,102,001 shares of the financial services provider’s stock worth $16,960,000 after buying an additional 3,560 shares during the period. Wells Fargo & Company MN grew its position 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 buying an additional 3,224 shares during the period. Finally, Raymond James Financial Inc. grew its position in shares of Maui Land & Pineapple by 4.0% during the 3rd quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock worth $1,445,000 after buying an additional 2,985 shares during the period. Institutional investors and hedge funds own 24.55% of the company’s stock.

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.