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

Key Points

• Maui Land & Pineapple shares fell below their 200-day moving average of $16.52, trading as low as $15.91 and recently at $16.275.
• Analyst sentiment is negative: Weiss Ratings maintained a sell-level rating, Wall Street Zen downgraded the stock to “sell,” and MarketBeat reports a consensus “Sell” rating.
• 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% and negative return on equity of 14.25%.

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.52 and traded as low as $15.91. Maui Land & Pineapple shares last traded at $16.2750, with a volume of 15,919 shares.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Weiss Ratings raised Maui Land & Pineapple from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Monday, August 31st. Wall Street Zen cut shares of Maui Land & Pineapple from a "hold" rating to a "sell" rating in a research report on Saturday, May 23rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus rating of "Sell".

Maui Land & Pineapple Stock Down 0.1%

The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.90 and a current ratio of 1.17. The company has a market cap of $323.22 million, a P/E ratio of -70.76 and a beta of 0.66. The business's fifty day moving average is $16.54 and its two-hundred day moving average is $16.52.

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 (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 firm had revenue of $3.70 million during the quarter.

Institutional Trading of Maui Land & Pineapple

A number of hedge funds have recently bought and sold shares of the stock. Valueworks LLC bought a new stake in Maui Land & Pineapple during the second quarter valued at about $22,007,000. TSP Capital Management Group LLC grew its position in Maui Land & Pineapple by 0.3% during the 1st quarter. TSP Capital Management Group LLC now owns 1,102,001 shares of the financial services provider's stock worth $16,960,000 after purchasing an additional 3,560 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Maui Land & Pineapple during the second quarter valued at $9,994,000. GSA Capital Partners LLP purchased a new stake in Maui Land & Pineapple during the 2nd quarter valued at about $345,000. Finally, Bank of New York Mellon Corp acquired a new position in Maui Land & Pineapple in the 2nd quarter worth approximately $250,000. Hedge funds and other institutional investors 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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