Maui Land & Pineapple (NYSE:MLP) Shares Break Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Maui Land & Pineapple shares fell below their 200-day moving average of $16.44, reaching as low as $14.34 and last trading near $14.53.
• Analyst sentiment remains negative: Weiss Ratings upgraded the stock from “sell (e+)” to “sell (d-),” while the sole covering analyst maintains a Sell rating.
• The company reported a quarterly loss of $0.08 per share on $3.70 million in revenue, with negative net margins and return on equity; institutional investors currently own 24.55% of the stock.

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $16.44 and traded as low as $14.34. Maui Land & Pineapple shares last traded at $14.5340, with a volume of 17,581 shares changing hands.

Analyst Ratings Changes

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

Maui Land & Pineapple Stock Down 1.1%

The firm has a market cap of $288.65 million, a price-to-earnings ratio of -63.19 and a beta of 0.64. The firm's fifty day moving average is $15.83 and its two-hundred day moving average is $16.44. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.17 and a quick ratio of 0.90.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last released 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 return on equity of 14.25% and a negative net margin of 28.65%. The company had revenue of $3.70 million for the quarter.

Institutional Trading of Maui Land & Pineapple

A number of hedge funds and other institutional investors have recently made changes to their positions in MLP. Valueworks LLC bought a new position in shares of Maui Land & Pineapple in the second quarter valued at $22,007,000. BlackRock Inc. acquired a new stake in shares of Maui Land & Pineapple during the 2nd quarter valued at $9,994,000. GSA Capital Partners LLP acquired a new stake in shares of Maui Land & Pineapple during the 2nd quarter valued at $345,000. Bank of New York Mellon Corp bought a new stake in shares of Maui Land & Pineapple during the 2nd quarter worth $250,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Maui Land & Pineapple during the 1st quarter worth $159,000. 24.55% of the stock is currently owned by institutional investors.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc is a Hawaii-based real estate and land management company focused on the stewardship, development and leasing of property on the island of Maui. Its activities include residential and commercial real estate development, property leasing, land sales and the management of infrastructure and utility services associated with its properties.

The company's land portfolio includes property in and around the Kapalua Resort area and other parts of West Maui. Maui Land & Pineapple supports a range of uses, including resort, residential, agricultural, conservation and commercial activities.

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