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

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.98 and traded as low as $17.17. Maui Land & Pineapple shares last traded at $17.46, with a volume of 9,065 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Maui Land & Pineapple from a "sell" rating to a "hold" rating in a research note on Saturday.

Maui Land & Pineapple Price Performance

The company has a 50 day moving average price of $16.74 and a 200-day moving average price of $17.98. 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 company has a market cap of $344.56 million, a price-to-earnings ratio of -23.27 and a beta of 0.78.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last released its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share (EPS) 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 Buying and Selling

In related news, Director Stephen M. Case bought 3,339 shares of Maui Land & Pineapple stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost of $17.43 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased 9,409 shares of company stock valued at $154,161 in the last quarter. Corporate insiders own 65.88% of the company's stock.

Institutional Trading of Maui Land & Pineapple

Institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio bought a new stake in Maui Land & Pineapple in the first quarter valued at approximately $26,000. Wells Fargo & Company MN boosted its holdings in Maui Land & Pineapple by 115.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock valued at $114,000 after acquiring an additional 2,786 shares during the last quarter. Deutsche Bank AG boosted its holdings in Maui Land & Pineapple by 233.2% in the first quarter. Deutsche Bank AG now owns 6,868 shares of the financial services provider's stock valued at $121,000 after acquiring an additional 4,807 shares during the last quarter. Nuveen LLC bought a new position in shares of Maui Land & Pineapple during the 1st quarter worth approximately $181,000. Finally, Bank of America Corp DE boosted its holdings in shares of Maui Land & Pineapple by 27.3% during the 4th quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock worth $224,000 after buying an additional 2,182 shares in the last quarter. 24.55% of the stock is currently owned by institutional investors.

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.

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