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

Key Points

• Shares crossed below the 200-day moving average of $16.42, trading as low as $15.68 and last at $15.91 on volume ~25,228, indicating technical weakness.
• Analyst consensus remains a Sell despite a recent upgrade to "Hold" from Wall Street Zen and Weiss Ratings reissuing a "Sell (D-)" rating.
• Fundamentals are weak: MLP reported quarterly EPS of ($0.06), a negative ROE of 35.32% and net margin of -54.37%, with a market cap of about $316.2M and a negative P/E of -29.47.

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.42 and traded as low as $15.68. Maui Land & Pineapple shares last traded at $15.9130, with a volume of 25,228 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Maui Land & Pineapple from a "sell" rating to a "hold" rating in a research report on Saturday, January 17th. Weiss Ratings reissued a "sell (d-)" rating on shares of Maui Land & Pineapple in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Sell".

Maui Land & Pineapple Trading Up 0.1%

The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 1.24. The business has a 50 day moving average of $16.34 and a 200 day moving average of $16.42. The firm has a market capitalization of $316.19 million, a price-to-earnings ratio of -29.47 and a beta of 0.69.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The financial services provider reported ($0.06) EPS for the quarter. Maui Land & Pineapple had a negative return on equity of 35.32% and a negative net margin of 54.37%.The company had revenue of $4.53 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of MLP. Strs Ohio acquired a new position in Maui Land & Pineapple during the first quarter valued at approximately $26,000. Tower Research Capital LLC TRC grew its holdings in Maui Land & Pineapple by 339.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 2,177 shares during the period. Deutsche Bank AG grew its holdings in Maui Land & Pineapple by 23.4% during the fourth quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider's stock valued at $89,000 after purchasing an additional 999 shares during the period. Wells Fargo & Company MN grew its holdings in Maui Land & Pineapple by 75.8% during the fourth quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider's stock valued at $127,000 after purchasing an additional 3,224 shares during the period. Finally, Barclays PLC grew its stake in Maui Land & Pineapple by 9.2% in the fourth quarter. Barclays PLC now owns 10,616 shares of the financial services provider's stock valued at $180,000 after acquiring an additional 892 shares during the period. Institutional investors and hedge funds own 24.55% of the company's stock.

About Maui Land & Pineapple

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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