Maui Land & Pineapple (NYSE:MLP) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.71 and traded as low as $22.22. Maui Land & Pineapple shares last traded at $22.43, with a volume of 10,904 shares.

Maui Land & Pineapple Price Performance

The company has a market cap of $429.35 million, a PE ratio of -95.08 and a beta of 0.47. The business’s 50 day moving average price is $22.90 and its 200-day moving average price is $22.72. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.09.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its position in shares of Maui Land & Pineapple by 18.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,765 shares of the financial services provider’s stock valued at $85,000 after buying an additional 595 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Maui Land & Pineapple by 3.4% during the second quarter. Bank of New York Mellon Corp now owns 20,032 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 660 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Maui Land & Pineapple by 1.0% during the 2nd quarter. Renaissance Technologies LLC now owns 107,449 shares of the financial services provider’s stock worth $2,369,000 after purchasing an additional 1,100 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Maui Land & Pineapple by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 167,830 shares of the financial services provider’s stock worth $3,768,000 after purchasing an additional 1,333 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Maui Land & Pineapple by 61.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 2,122 shares during the period. 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.