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

Maui Land & Pineapple Company, Inc. (NYSE:MLP) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.61 and traded as low as $15.32. Maui Land & Pineapple shares last traded at $15.72, with a volume of 21,505 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings cut Maui Land & Pineapple from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, August 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Maui Land & Pineapple currently has a consensus rating of “Sell”.

Maui Land & Pineapple Trading Up 0.9%

The company has a quick ratio of 1.38, a current ratio of 1.17 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $312.20 million, a P/E ratio of -68.34 and a beta of 0.68. The company has a fifty day simple moving average of $17.10 and a two-hundred day simple moving average of $16.61.

Maui Land & Pineapple (NYSE:MLP) last announced its quarterly earnings results on Friday, August 14th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter. The business 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 large investors have recently bought and sold shares of the business. Valueworks LLC bought a new position in Maui Land & Pineapple in the second quarter valued at approximately $22,007,000. TSP Capital Management Group LLC increased its position in shares of Maui Land & Pineapple by 0.3% during the first quarter. TSP Capital Management Group LLC now owns 1,102,001 shares of the financial services provider’s stock worth $16,960,000 after acquiring an additional 3,560 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Maui Land & Pineapple during the second quarter worth $9,994,000. Raymond James Financial Inc. raised its holdings in shares of Maui Land & Pineapple by 4.0% during the third quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock worth $1,445,000 after acquiring an additional 2,985 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Maui Land & Pineapple by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,828 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 2,189 shares during the period. 24.55% of the stock is owned by 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.