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

Key Points

• Shares of Maui Land & Pineapple (NYSE:MLP) slipped below their 200‑day moving average, trading as low as $15.45 and last at $15.50 versus a 200‑day MA of $16.69.
• Analyst coverage is weak with a consensus rating of "Sell"; Wall Street Zen recently upgraded to Hold while Weiss Ratings reaffirmed a Sell (D‑) rating.
• The company has a market cap of about $306 million and a negative P/E of -26.27, and institutional investors own roughly 24.55% of the stock with several funds recently increasing positions.

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.69 and traded as low as $15.45. Maui Land & Pineapple shares last traded at $15.50, with a volume of 7,773 shares.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen upgraded Maui Land & Pineapple from a "sell" rating to a "hold" rating in a report on Saturday, January 17th. Weiss Ratings restated a "sell (d-)" rating on shares of Maui Land & Pineapple in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of "Sell".

Maui Land & Pineapple Trading Up 0.1%

The firm has a market capitalization of $305.97 million, a P/E ratio of -26.27 and a beta of 0.66. The business's 50 day simple moving average is $16.62 and its two-hundred day simple moving average is $16.69.

Hedge Funds Weigh In On Maui Land & Pineapple

Hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new position in Maui Land & Pineapple during the first quarter valued at approximately $26,000. Tower Research Capital LLC TRC grew its position in Maui Land & Pineapple by 339.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider's stock worth $51,000 after purchasing an additional 2,177 shares during the period. Deutsche Bank AG raised its stake in Maui Land & Pineapple by 23.4% during the 4th quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider's stock valued at $89,000 after buying an additional 999 shares during the last quarter. Wells Fargo & Company MN raised its stake 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 buying an additional 3,224 shares during the last quarter. Finally, Barclays PLC lifted its holdings in shares of Maui Land & Pineapple by 9.2% during the 4th quarter. Barclays PLC now owns 10,616 shares of the financial services provider's stock valued at $180,000 after buying an additional 892 shares during the period. Hedge funds and other institutional investors 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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