Maui Land & Pineapple (NYSE:MLP) Shares Cross Below 200 Day Moving Average – What’s Next?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.55 and traded as low as $15.65. Maui Land & Pineapple shares last traded at $16.05, with a volume of 9,321 shares traded.

Analyst Ratings Changes

Several analysts recently commented on MLP shares. Wall Street Zen lowered shares of Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded Maui Land & Pineapple from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, August 31st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Maui Land & Pineapple presently has a consensus rating of “Sell”.

Maui Land & Pineapple Stock Down 2.4%

The company has a quick ratio of 0.90, a current ratio of 1.17 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $318.75 million, a PE ratio of -69.78 and a beta of 0.66. The business’s 50 day simple moving average is $16.71 and its 200 day simple moving average is $16.55.

Maui Land & Pineapple (NYSE:MLP) last released its earnings results on Friday, August 14th. The financial services provider reported ($0.08) earnings per share for the quarter. The firm had revenue of $3.70 million during the quarter. Maui Land & Pineapple had a negative return on equity of 14.25% and a negative net margin of 28.65%.

Institutional Trading of Maui Land & Pineapple

A number of hedge funds have recently modified their holdings of the business. Valueworks LLC purchased a new position in shares of Maui Land & Pineapple during the second quarter valued at $22,007,000. BlackRock Inc. purchased a new stake in Maui Land & Pineapple in the 2nd quarter worth about $9,994,000. GSA Capital Partners LLP acquired a new stake in Maui Land & Pineapple during the 2nd quarter worth about $345,000. Allspring Global Investments Holdings LLC purchased a new position in Maui Land & Pineapple during the 1st quarter valued at about $159,000. Finally, TSP Capital Management Group LLC grew its stake in 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 valued at $16,960,000 after acquiring an additional 3,560 shares in the last quarter. Hedge funds and other institutional investors 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.