Maui Land & Pineapple (NYSE:MLP) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.64 and traded as low as $16.56. Maui Land & Pineapple shares last traded at $16.5850, with a volume of 10,176 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have issued reports on MLP shares. Wall Street Zen cut shares of Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. Weiss Ratings lowered shares of Maui Land & Pineapple from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

Maui Land & Pineapple Price Performance

The stock has a 50-day simple moving average of $17.15 and a 200 day simple moving average of $16.64. The company has a market cap of $329.38 million, a PE ratio of -82.92 and a beta of 0.67. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.21.

Maui Land & Pineapple (NYSE:MLP) last released its quarterly earnings results on Friday, May 15th. The financial services provider reported ($0.10) EPS for the quarter. The firm had revenue of $3.40 million for the quarter. Maui Land & Pineapple had a negative return on equity of 12.78% and a negative net margin of 23.44%.

Institutional Trading of Maui Land & Pineapple

Several hedge funds have recently modified their holdings of MLP. Allspring Global Investments Holdings LLC purchased a new position in Maui Land & Pineapple in the first quarter worth approximately $159,000. TSP Capital Management Group LLC grew its holdings 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 acquiring an additional 3,560 shares in the last quarter. Barclays PLC increased its position in shares of Maui Land & Pineapple by 9.2% in the 4th quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock valued at $180,000 after purchasing an additional 892 shares during the last quarter. Valueworks LLC increased its position in shares of Maui Land & Pineapple by 21.1% in the 4th quarter. Valueworks LLC now owns 1,201,935 shares of the financial services provider’s stock valued at $20,361,000 after purchasing an additional 209,613 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Maui Land & Pineapple by 11.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 21,828 shares of the financial services provider’s stock valued at $370,000 after purchasing an additional 2,189 shares during the last quarter. 24.55% of the stock is currently owned by institutional investors and hedge funds.

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.