Maui Land & Pineapple (NYSE:MLP) Stock Price Passes Below 200 Day Moving Average - What's Next?

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised 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 stock has a fifty day moving average of $17.05 and a 200-day moving average of $17.73. The company has a quick ratio of 0.80, a current ratio of 0.80 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $356.05 million, a price-to-earnings ratio of -24.05 and a beta of 0.78.

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

Insider Activity at Maui Land & Pineapple

In related news, Director Stephen M. Case purchased 3,339 shares of the business's stock in a transaction dated Friday, June 13th. The stock was acquired at an average price of $17.43 per share, for a total transaction of $58,198.77. Following the completion of the purchase, the director directly owned 11,921,445 shares of the company's stock, valued at $207,790,786.35. This trade represents a 0.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 9,409 shares of company stock worth $154,161 in the last three months. 65.88% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Maui Land & Pineapple

Large investors have recently modified their holdings of the stock. NBC Securities Inc. raised its position 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 worth $850,000 after acquiring an additional 3,450 shares in the last quarter. First Hawaiian Bank purchased a new position in Maui Land & Pineapple in the first quarter worth $52,710,000. Strs Ohio purchased a new position in Maui Land & Pineapple in the first quarter worth $26,000. Valueworks LLC raised its position in Maui Land & Pineapple by 14.5% in the first quarter. Valueworks LLC now owns 919,343 shares of the financial services provider's stock worth $16,153,000 after acquiring an additional 116,076 shares in the last quarter. Finally, Nuveen LLC purchased a new position in Maui Land & Pineapple in the first quarter worth $181,000. Hedge funds and other institutional investors own 24.55% of the company's stock.

Maui Land & Pineapple Company Profile

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.