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

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $17.76 and traded as low as $16.86. Maui Land & Pineapple shares last traded at $16.93, with a volume of 15,337 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Maui Land & Pineapple from a "sell" rating to a "hold" rating in a research report on Saturday, July 12th.

Maui Land & Pineapple Price Performance

The company has a 50 day moving average of $17.14 and a 200-day moving average of $17.71. The stock has a market capitalization of $345.06 million, a P/E ratio of -23.31 and a beta of 0.78. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.01.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last posted its quarterly earnings results on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share (EPS) for the quarter. Maui Land & Pineapple had a negative return on equity of 45.76% and a negative net margin of 98.43%. The business had revenue of $5.80 million during the quarter.

Insider Transactions at Maui Land & Pineapple

In other Maui Land & Pineapple news, Director Stephen M. Case bought 3,339 shares of the business's stock in a transaction on Friday, June 13th. The shares were purchased at an average price of $17.43 per share, with a total value of $58,198.77. Following the completion of the acquisition, the director directly owned 11,921,445 shares of the company's stock, valued at approximately $207,790,786.35. The trade was a 0.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have bought a total of 9,409 shares of company stock valued at $154,161 over the last quarter. Company insiders own 65.88% of the company's stock.

Institutional Trading of Maui Land & Pineapple

Several hedge funds have recently made changes to their positions in MLP. NBC Securities Inc. lifted its stake in Maui Land & Pineapple by 8.0% in the second quarter. NBC Securities Inc. now owns 46,740 shares of the financial services provider's stock valued at $850,000 after buying an additional 3,450 shares during the last quarter. First Hawaiian Bank bought a new stake in Maui Land & Pineapple in the 1st quarter valued at about $52,710,000. Strs Ohio bought a new stake in Maui Land & Pineapple in the 1st quarter valued at about $26,000. Valueworks LLC lifted its position in Maui Land & Pineapple by 14.5% in the 1st quarter. Valueworks LLC now owns 919,343 shares of the financial services provider's stock valued at $16,153,000 after purchasing an additional 116,076 shares during the last quarter. Finally, Nuveen LLC bought a new stake in Maui Land & Pineapple in the 1st quarter valued at about $181,000. Institutional investors own 24.55% of the company's stock.

About Maui Land & Pineapple

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.