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

Maui Land & Pineapple Company, Inc. (NYSE:MLP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.57 and traded as low as $17.99. Maui Land & Pineapple shares last traded at $17.99, with a volume of 5,214 shares.

Maui Land & Pineapple Trading Down 1.9 %

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 firm has a market cap of $352.79 million, a PE ratio of -78.13 and a beta of 0.54. The business has a fifty day moving average price of $19.43 and a 200 day moving average price of $21.46.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its position in 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 valued at $85,000 after acquiring an additional 595 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Maui Land & Pineapple by 115.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider's stock valued at $114,000 after acquiring an additional 2,786 shares during the period. 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 acquiring an additional 2,122 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Maui Land & Pineapple by 27.3% in the 4th quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider's stock valued at $224,000 after acquiring an additional 2,182 shares during the period. Finally, Barclays PLC raised its position in 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 during the last quarter. Institutional investors and hedge funds own 24.55% of the company's stock.

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.