Maui Land & Pineapple (NYSE:MLP) Share Price Crosses Below 200-Day Moving Average - Here's Why

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $20.71 and traded as low as $14.80. Maui Land & Pineapple shares last traded at $15.04, with a volume of 9,648 shares changing hands.

Maui Land & Pineapple Trading Up 2.2 %

The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.09. The firm has a market cap of $320.11 million, a PE ratio of -70.49 and a beta of 0.63. The firm has a fifty day simple moving average of $17.83 and a two-hundred day simple moving average of $20.53.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last issued its quarterly earnings data on Monday, March 31st. The financial services provider reported ($0.11) EPS for the quarter. The company had revenue of $3.41 million during the quarter. Maui Land & Pineapple had a negative return on equity of 14.23% and a negative net margin of 40.09%.

Institutional Trading of Maui Land & Pineapple

Several institutional investors and hedge funds have recently bought and sold shares of MLP. State Street Corp lifted its stake in shares of Maui Land & Pineapple by 4.5% in the 3rd quarter. State Street Corp now owns 107,366 shares of the financial services provider's stock valued at $2,410,000 after purchasing an additional 4,654 shares during the period. Barclays PLC lifted its position in Maui Land & Pineapple by 296.9% during the third quarter. Barclays PLC now owns 10,815 shares of the financial services provider's stock valued at $243,000 after buying an additional 8,090 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Maui Land & Pineapple by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 167,830 shares of the financial services provider's stock valued at $3,768,000 after buying an additional 1,333 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Maui Land & Pineapple by 61.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider's stock worth $125,000 after acquiring an additional 2,122 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Maui Land & Pineapple by 11.0% during the fourth quarter. Bank of New York Mellon Corp now owns 16,145 shares of the financial services provider's stock worth $355,000 after acquiring an additional 1,603 shares in the last quarter. 24.55% of the stock is currently owned by hedge funds and other institutional investors.

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.