Maui Land & Pineapple (NYSE:MLP) Shares Break 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 $15.83 versus the $16.48 average, and were last down about 1% at $15.945.
• Analyst sentiment remains negative: Weiss Ratings upgraded the stock’s rating from “sell (e+)” to “sell (d-),” while the overall consensus rating is “Sell.”
• The company reported a quarterly loss of $0.08 per share on $3.70 million in revenue, with a negative net margin of 28.65% and negative return on equity of 14.25%.

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) crossed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $16.48 and traded as low as $15.83. Maui Land & Pineapple shares last traded at $15.9450, with a volume of 10,688 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings raised shares of Maui Land & Pineapple from a "sell (e+)" rating to a "sell (d-)" rating in a report on Monday, August 31st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

Maui Land & Pineapple Trading Down 1.0%

The firm has a market capitalization of $316.65 million, a PE ratio of -69.32 and a beta of 0.66. The business has a 50 day moving average price of $16.40 and a 200-day moving average price of $16.48. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28.

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

Institutional Investors Weigh In On Maui Land & Pineapple

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Valueworks LLC purchased a new stake in shares of Maui Land & Pineapple during the 2nd quarter worth $22,007,000. TSP Capital Management Group LLC increased its holdings in shares of Maui Land & Pineapple by 0.3% in 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 in the last quarter. BlackRock Inc. acquired a new stake in shares of Maui Land & Pineapple in the second quarter valued at about $9,994,000. GSA Capital Partners LLP acquired a new stake in shares of Maui Land & Pineapple in the second quarter valued at about $345,000. Finally, Bank of New York Mellon Corp purchased a new stake in Maui Land & Pineapple during the second quarter worth about $250,000. Institutional investors and hedge funds own 24.55% of the company's stock.

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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