Maui Land & Pineapple (NYSE:MLP) Stock Passes Below Two Hundred Day Moving Average - What's Next?

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $20.71 and traded as low as $14.80. Maui Land & Pineapple shares last traded at $15.04, with a volume of 9,648 shares traded.

Maui Land & Pineapple Trading Up 0.6 %

The firm has a market cap of $296.84 million, a price-to-earnings ratio of -65.37 and a beta of 0.63. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $18.15 and a 200-day moving average price of $20.71.

Maui Land & Pineapple (NYSE:MLP - Get Free Report) last posted its quarterly earnings data on Monday, March 31st. The financial services provider reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $3.41 million for the quarter. Maui Land & Pineapple had a negative net margin of 40.09% and a negative return on equity of 14.23%.

Hedge Funds Weigh In On Maui Land & Pineapple

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MLP. BNP Paribas Financial Markets lifted 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 increased its holdings in Maui Land & Pineapple by 4.5% during the 3rd quarter. State Street Corp now owns 107,366 shares of the financial services provider's stock worth $2,410,000 after purchasing an additional 4,654 shares during the last quarter. Barclays PLC raised its position in shares of Maui Land & Pineapple by 296.9% in the 3rd 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. Geode Capital Management LLC boosted its stake in shares of 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 valued at $3,768,000 after buying an additional 1,333 shares during the last quarter. Finally, JPMorgan Chase & Co. grew 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 worth $125,000 after buying an additional 2,122 shares in the last quarter. 24.55% of the stock is owned by hedge funds and other institutional investors.

Maui Land & Pineapple Company Profile

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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