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

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.52 and traded as low as $15.91. Maui Land & Pineapple shares last traded at $16.2750, with a volume of 15,919 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on MLP shares. Wall Street Zen downgraded shares of Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Weiss Ratings upgraded Maui Land & Pineapple from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, August 31st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Maui Land & Pineapple Trading Down 2.3%

The company has a fifty day moving average of $16.52 and a 200-day moving average of $16.51. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $315.28 million, a price-to-earnings ratio of -69.02 and a beta of 0.66.

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

Institutional Investors Weigh In On Maui Land & Pineapple

Large investors have recently made changes to their positions in the stock. Valueworks LLC purchased a new position in shares of Maui Land & Pineapple during the 2nd quarter worth $22,007,000. TSP Capital Management Group LLC boosted its holdings in Maui Land & Pineapple by 0.3% in 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 purchasing an additional 3,560 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Maui Land & Pineapple in the 2nd quarter valued at approximately $9,994,000. GSA Capital Partners LLP acquired a new stake in shares of Maui Land & Pineapple during the 2nd quarter worth approximately $345,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Maui Land & Pineapple during the 2nd quarter valued at approximately $250,000. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc is a Hawaii-based real estate operating company focused on the ownership, management, development and stewardship of land and property on the island of Maui. Its activities include residential, commercial, resort and agricultural real estate, as well as land conservation and long-term property management.

The company’s holdings are concentrated primarily in West Maui, including the Kapalua area, and include residential and commercial properties, undeveloped land, conservation areas and agricultural acreage.