Maui Land & Pineapple (NYSE:MLP) Shares Cross Below 200-Day Moving Average – Time to Sell?

Shares of 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 $21.82 and traded as low as $17.80. Maui Land & Pineapple shares last traded at $18.00, with a volume of 19,490 shares traded.

Maui Land & Pineapple Trading Down 0.2 %

The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.86 and a current ratio of 2.86. The stock has a market capitalization of $353.38 million, a P/E ratio of -78.26 and a beta of 0.54. The stock has a 50-day moving average price of $19.65 and a two-hundred day moving average price of $21.82.

Institutional Investors Weigh In On Maui Land & Pineapple

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its position in shares of Maui Land & Pineapple by 18.8% during the third quarter. BNP Paribas Financial Markets now owns 3,765 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 595 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Maui Land & Pineapple by 115.0% during the fourth quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 2,786 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Maui Land & Pineapple by 61.9% during the third 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 in the last quarter. Bank of America Corp DE boosted its position in shares of Maui Land & Pineapple by 27.3% during the fourth quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 2,182 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Maui Land & Pineapple by 296.9% during the third quarter. Barclays PLC now owns 10,815 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 8,090 shares in the last quarter. 24.55% of the stock is currently owned by institutional investors.

About Maui Land & Pineapple

Maui Land & Pineapple Co, Inc is a landholding and operating company, which engages in the development, sale, and management of real estate. It operates through the following segments: Real Estate, Leasing, and Resort Amenities. The Real Estate segment includes land planning and entitlement, development, and sales activities.