Maui Land & Pineapple (NYSE:MLP) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Maui Land & Pineapple Company, Inc. (NYSE:MLP) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.22 and traded as low as $15.14. Maui Land & Pineapple shares last traded at $15.1860, with a volume of 8,802 shares.

Wall Street Analyst Weigh In

MLP has been the subject of a number of research reports. Wall Street Zen upgraded shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Maui Land & Pineapple in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maui Land & Pineapple has an average rating of “Sell”.

Maui Land & Pineapple Stock Down 1.1%

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 firm’s 50-day moving average price is $15.89 and its 200 day moving average price is $16.22. The firm has a market capitalization of $301.75 million, a price-to-earnings ratio of -28.12 and a beta of 0.66.

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

Institutional Trading of Maui Land & Pineapple

Institutional investors and hedge funds have recently made changes to their positions in the stock. Barclays PLC raised its stake in Maui Land & Pineapple by 9.2% in the 4th quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 892 shares during the last quarter. Deutsche Bank AG boosted its stake 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 purchasing an additional 999 shares during the last quarter. Raymond James Financial Inc. boosted its stake in shares of Maui Land & Pineapple by 1.4% during the 2nd quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider’s stock worth $1,356,000 after purchasing an additional 1,000 shares during the last quarter. Strs Ohio purchased a new stake in shares of Maui Land & Pineapple during the first quarter worth about $26,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Maui Land & Pineapple by 339.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock worth $51,000 after buying an additional 2,177 shares in the last quarter. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

About Maui Land & Pineapple

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.