Maui Land & Pineapple (NYSE:MLP) Share Price Passes Below 200-Day Moving Average - Time to Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 traded.

Maui Land & Pineapple Stock Down 2.5 %

The firm has a market capitalization of $429.35 million, a P/E ratio of -95.08 and a beta of 0.47. 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 firm's 50-day moving average is $22.90 and its 200 day moving average is $22.72.

Institutional Investors Weigh In On Maui Land & Pineapple

A number of hedge funds and other institutional investors have recently bought and sold shares of MLP. BNP Paribas Financial Markets lifted its position in 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 worth $85,000 after buying an additional 595 shares in the last quarter. Herr Investment Group LLC raised its holdings in Maui Land & Pineapple by 25.4% during the second quarter. Herr Investment Group LLC now owns 526,386 shares of the financial services provider's stock worth $11,607,000 after acquiring an additional 106,784 shares in the last quarter. Renaissance Technologies LLC boosted its position in 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 purchasing an additional 1,100 shares during the last quarter. Bank of New York Mellon Corp grew its stake in Maui Land & Pineapple by 3.4% in 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Maui Land & Pineapple by 61.9% in 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. Institutional investors and hedge funds 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.