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

Maui Land & Pineapple logo with Finance background

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $19.26 and traded as low as $15.73. Maui Land & Pineapple shares last traded at $16.22, with a volume of 17,003 shares traded.

Maui Land & Pineapple Stock Performance

The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 2.86. The company has a 50 day simple moving average of $15.91 and a 200-day simple moving average of $19.18. The firm has a market cap of $313.38 million, a PE ratio of -69.01 and a beta of 0.76.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The financial services provider reported ($0.44) earnings per share for the quarter. Maui Land & Pineapple had a negative net margin of 40.09% and a negative return on equity of 14.23%. The company had revenue of $5.80 million during the quarter.

Institutional Trading of Maui Land & Pineapple

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Strs Ohio bought a new position in shares of Maui Land & Pineapple during the first quarter valued at approximately $26,000. Wells Fargo & Company MN raised its holdings in shares of Maui Land & Pineapple by 115.0% during 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 in the last quarter. Deutsche Bank AG raised its holdings in shares of Maui Land & Pineapple by 233.2% during 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Maui Land & Pineapple by 61.9% during the third quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider's stock valued at $125,000 after acquiring an additional 2,122 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Maui Land & Pineapple during the first quarter valued at approximately $181,000. Institutional investors own 24.55% of the company's stock.

Maui Land & Pineapple Company Profile

(Get Free Report)

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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