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Maui Land & Pineapple (NYSE:MLP) Shares Cross Below 200 Day Moving Average - Should You Sell?

Maui Land & Pineapple logo with Finance background

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.63 and traded as low as $19.37. Maui Land & Pineapple shares last traded at $20.05, with a volume of 13,179 shares trading hands.

Maui Land & Pineapple Price Performance

The company has a fifty day moving average of $21.53 and a 200-day moving average of $22.57. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.09. The stock has a market cap of $393.62 million, a PE ratio of -87.17 and a beta of 0.49.

Institutional Investors Weigh In On Maui Land & Pineapple

Several large investors have recently added to or reduced their stakes in MLP. BNP Paribas Financial Markets grew its stake in shares of Maui Land & Pineapple by 18.8% in the third quarter. BNP Paribas Financial Markets now owns 3,765 shares of the financial services provider's stock worth $85,000 after acquiring an additional 595 shares in the last quarter. State Street Corp boosted its holdings in Maui Land & Pineapple by 4.5% in the third quarter. State Street Corp now owns 107,366 shares of the financial services provider's stock valued at $2,410,000 after purchasing an additional 4,654 shares during the period. Barclays PLC grew its stake in Maui Land & Pineapple by 296.9% during the 3rd quarter. Barclays PLC now owns 10,815 shares of the financial services provider's stock worth $243,000 after purchasing an additional 8,090 shares in the last quarter. Geode Capital Management LLC increased its holdings in Maui Land & Pineapple by 0.8% during 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 period. Finally, JPMorgan Chase & Co. raised its position in Maui Land & Pineapple by 61.9% in 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 in the last quarter. 24.55% of the stock is owned by hedge funds and other institutional investors.

About Maui Land & Pineapple

(Get Free Report)

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.

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