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

Key Points

• Maui Land & Pineapple shares fell below their 200-day moving average, trading as low as $15.32 versus the $16.61 average, and last changing hands at $15.72.
• Analyst sentiment is bearish: Wall Street Zen and Weiss Ratings downgraded the stock, while MarketBeat data shows an average rating of “Sell.”
• The company reported a quarterly loss of $0.08 per share on $3.70 million in revenue, alongside a negative 14.25% return on equity and a negative 28.65% net margin.

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s share price passed 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 Analysts Forecast Growth

Several equities analysts recently commented on the company. Wall Street Zen cut Maui Land & Pineapple from a "hold" rating to a "sell" rating in a research report on Saturday, May 23rd. Weiss Ratings cut Maui Land & Pineapple from a "sell (d-)" rating to a "sell (e+)" rating in a report on Monday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of "Sell".

Maui Land & Pineapple Price Performance

The company has a market capitalization of $312.20 million, a PE ratio of -68.34 and a beta of 0.68. 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 firm's 50-day moving average is $17.10 and its 200-day moving average is $16.61.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Valueworks LLC purchased a new position in shares of Maui Land & Pineapple during the second quarter worth approximately $22,007,000. BlackRock Inc. purchased a new stake in shares of Maui Land & Pineapple in the 2nd quarter valued at $9,994,000. Deutsche Bank AG bought a new position in shares of Maui Land & Pineapple during the 2nd quarter valued at $85,000. Bank of New York Mellon Corp bought a new position in shares of Maui Land & Pineapple during the 2nd quarter valued at $250,000. Finally, GSA Capital Partners LLP bought a new position in shares of Maui Land & Pineapple during the 2nd quarter valued at $345,000. 24.55% of the stock is currently owned by institutional investors.

Maui Land & Pineapple Company Profile

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.

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