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

Maui Land & Pineapple Company, Inc. (NYSE:MLP) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $21.98 and traded as low as $21.01. Maui Land & Pineapple shares last traded at $21.71, with a volume of 10,016 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th.

Maui Land & Pineapple Trading Down 0.6 %

The company has a market cap of $424.71 million, a PE ratio of -120.94 and a beta of 0.45. The stock has a 50 day moving average price of $23.27 and a 200 day moving average price of $21.98.

Maui Land & Pineapple (NYSE:MLP) last announced its earnings results on Monday, August 19th. The financial services provider reported ($0.09) EPS for the quarter. The business had revenue of $2.65 million for the quarter. Maui Land & Pineapple had a negative net margin of 34.12% and a negative return on equity of 11.32%.

Hedge Funds Weigh In On Maui Land & Pineapple

Institutional investors and hedge funds have recently made changes to their positions in the business. Herr Investment Group LLC boosted its position in shares of Maui Land & Pineapple by 25.4% in the 2nd quarter. Herr Investment Group LLC now owns 526,386 shares of the financial services provider’s stock worth $11,607,000 after purchasing an additional 106,784 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Maui Land & Pineapple by 154.4% in the first quarter. BNP Paribas Financial Markets now owns 6,245 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 3,790 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Maui Land & Pineapple by 1.0% during the second quarter. Renaissance Technologies LLC now owns 107,449 shares of the financial services provider’s stock valued at $2,369,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Maui Land & Pineapple by 3.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 20,032 shares of the financial services provider’s stock worth $442,000 after purchasing an additional 660 shares during the last quarter. Institutional investors own 24.55% of the company’s stock.

Maui Land & Pineapple Company Profile

Maui Land & Pineapple Company, Inc, together with its subsidiaries, engages in the planning, managing, developing, and selling residential, resort, commercial, agricultural, and industrial real estate properties in the United States. It operates through Land Development & Sales, Leasing, and Resort Amenities segments.