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

Key Points

• Maui Land & Pineapple shares fell below their 200-day moving average of $16.25, trading as low as $15.42 and last at $15.487, signaling a bearish technical move.
• The stock carries a consensus Sell rating (Weiss Ratings restated a sell while Wall Street Zen upgraded to hold), indicating mixed-to-negative analyst sentiment.
• Fundamentals are weak: quarterly EPS of −$0.06, negative ROE (−35.32%) and net margin (−54.37%), a negative P/E, market cap ≈ $307.7M, and about 24.6% institutional ownership despite some recent increases by select funds.

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.25 and traded as low as $15.42. Maui Land & Pineapple shares last traded at $15.4870, with a volume of 9,246 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MLP shares. Weiss Ratings restated a "sell (d-)" rating on shares of Maui Land & Pineapple in a research report on Tuesday, April 21st. 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. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

Maui Land & Pineapple Stock Down 0.2%

The business's fifty day moving average price is $16.03 and its 200 day moving average price is $16.25. The company has a market capitalization of $307.73 million, a P/E ratio of -28.68 and a beta of 0.66. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.12.

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

Hedge Funds Weigh In On Maui Land & Pineapple

Several institutional investors have recently added to or reduced their stakes in MLP. Valueworks LLC lifted its holdings in Maui Land & Pineapple by 21.1% during the 4th quarter. Valueworks LLC now owns 1,201,935 shares of the financial services provider's stock valued at $20,361,000 after purchasing an additional 209,613 shares during the last quarter. Steinberganna Wealth Management bought a new position in Maui Land & Pineapple during the 3rd quarter valued at about $304,000. TSP Capital Management Group LLC lifted its holdings in Maui Land & Pineapple by 0.3% during the 1st quarter. TSP Capital Management Group LLC now owns 1,102,001 shares of the financial services provider's stock valued at $16,960,000 after purchasing an additional 3,560 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Maui Land & Pineapple by 75.8% during the 4th 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 last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Maui Land & Pineapple by 4.0% during the 3rd quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider's stock valued at $1,445,000 after purchasing an additional 2,985 shares during the last quarter. 24.55% of the stock is 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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