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

Key Points

• Maui Land & Pineapple shares fell below their 200-day moving average of $16.49, reaching as low as $15.85 before last trading at $16.1310.
• The stock maintains a negative analyst outlook: Weiss Ratings upgraded it from “sell (e+)” to “sell (d-),” while the sole covering analyst also rates it Sell.
• The company reported a quarterly loss of $0.08 per share on $3.70 million in revenue, alongside a negative net margin of 28.65%; institutional investors own 24.55% of shares, including a recent $9.99 million BlackRock stake.

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.49 and traded as low as $15.85. Maui Land & Pineapple shares last traded at $16.1310, with a volume of 12,248 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Maui Land & Pineapple from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, August 31st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Maui Land & Pineapple has an average rating of "Sell".

Maui Land & Pineapple Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28. The firm has a market cap of $320.36 million, a P/E ratio of -70.13 and a beta of 0.66. The company has a fifty day moving average price of $16.47 and a two-hundred day moving average price of $16.49.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last posted its earnings results on Friday, August 14th. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $3.70 million for the quarter. Maui Land & Pineapple had a negative return on equity of 14.25% and a negative net margin of 28.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Deutsche Bank AG acquired a new stake in shares of Maui Land & Pineapple in the second quarter valued at approximately $85,000. Allspring Global Investments Holdings LLC acquired a new position in Maui Land & Pineapple during the first quarter worth $159,000. Bank of New York Mellon Corp acquired a new position in Maui Land & Pineapple during the second quarter worth $250,000. GSA Capital Partners LLP bought a new position in Maui Land & Pineapple in the second quarter valued at $345,000. Finally, BlackRock Inc. bought a new position in Maui Land & Pineapple in the second quarter valued at $9,994,000. 24.55% of the stock is owned by institutional investors and hedge funds.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc is a Hawaii-based real estate operating company focused on the ownership, management, development and stewardship of land and property on the island of Maui. Its activities include residential, commercial, resort and agricultural real estate, as well as land conservation and long-term property management.

The company's holdings are concentrated primarily in West Maui, including the Kapalua area, and include residential and commercial properties, undeveloped land, conservation areas and agricultural acreage.

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