Maui Land & Pineapple (NYSE:MLP) Shares Break Below 200-Day Moving Average – Here’s What Happened

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s stock price passed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $16.49 and traded as low as $15.85. Maui Land & Pineapple shares last traded at $16.1310, with a volume of 12,248 shares.

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, the stock currently has an average rating of “Sell”.

Maui Land & Pineapple Price Performance

The firm has a market capitalization of $317.24 million, a price-to-earnings ratio of -69.45 and a beta of 0.66. The company has a current ratio of 1.17, a quick ratio of 0.90 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average price of $16.46 and a two-hundred day moving average price of $16.48.

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

Hedge Funds Weigh In On Maui Land & Pineapple

Several institutional investors have recently modified their holdings of MLP. Valueworks LLC bought a new stake in Maui Land & Pineapple in the 2nd quarter valued at about $22,007,000. TSP Capital Management Group LLC boosted its stake 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 valued at $16,960,000 after purchasing an additional 3,560 shares during the period. BlackRock Inc. bought a new position in Maui Land & Pineapple in the 2nd quarter worth about $9,994,000. GSA Capital Partners LLP bought a new position in Maui Land & Pineapple in the 2nd quarter worth about $345,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Maui Land & Pineapple in the second quarter valued at approximately $250,000. 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.