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

Key Points

• Maui Land & Pineapple shares fell below their 200-day moving average, trading as low as $15.65 before closing at $16.05, compared with the 200-day average of $16.55.
• Analyst sentiment is bearish: the stock received a consensus “Sell” rating, with Weiss Ratings and Wall Street Zen both maintaining or downgrading their assessments.
• The company reported weak financial results, including a quarterly loss of $0.08 per share, a negative 14.25% return on equity, a negative 28.65% net margin, and $3.70 million in revenue.

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.55 and traded as low as $15.65. Maui Land & Pineapple shares last traded at $16.05, with a volume of 9,321 shares trading hands.

Wall Street Analysts Forecast Growth

MLP has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Maui Land & Pineapple from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday. Wall Street Zen lowered shares of Maui Land & Pineapple from a "hold" rating to a "sell" rating in a research report on Saturday, May 23rd. One 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 Performance

The company has a debt-to-equity ratio of 0.28, a current ratio of 1.17 and a quick ratio of 0.90. The company has a 50 day simple moving average of $16.71 and a 200-day simple moving average of $16.55. The stock has a market capitalization of $318.75 million, a P/E ratio of -69.78 and a beta of 0.66.

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

Hedge Funds Weigh In On Maui Land & Pineapple

Several large investors have recently modified their holdings of the business. Strs Ohio purchased a new stake in shares of Maui Land & Pineapple during the 1st quarter valued at approximately $26,000. Raymond James Financial Inc. raised its holdings in Maui Land & Pineapple by 1.4% during the 2nd quarter. Raymond James Financial Inc. now owns 74,555 shares of the financial services provider's stock valued at $1,356,000 after acquiring an additional 1,000 shares during the period. Tower Research Capital LLC TRC raised its holdings in Maui Land & Pineapple by 339.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 2,177 shares during the period. Valueworks LLC raised its holdings in Maui Land & Pineapple by 2.1% during the 3rd quarter. Valueworks LLC now owns 992,322 shares of the financial services provider's stock valued at $18,497,000 after acquiring an additional 20,255 shares during the period. Finally, Deutsche Bank AG lifted its position in shares of 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 worth $89,000 after acquiring an additional 999 shares in the last quarter. 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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