Maui Land & Pineapple (NYSE:MLP) Stock Price Crosses Below Two Hundred Day Moving Average – Time to Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Maui Land & Pineapple Trading Down 1.1 %

The company has a 50-day moving average of $19.60 and a 200 day moving average of $21.77. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.86 and a quick ratio of 2.86. The company has a market cap of $356.91 million, a PE ratio of -79.04 and a beta of 0.54.

Hedge Funds Weigh In On Maui Land & Pineapple

Several large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its position in 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 acquiring an additional 595 shares during the last quarter. Cannell & Spears LLC lifted its stake in shares of Maui Land & Pineapple by 3.9% during the 4th quarter. Cannell & Spears LLC now owns 26,455 shares of the financial services provider’s stock worth $581,000 after acquiring an additional 1,000 shares during the last quarter. Barclays PLC boosted its holdings in Maui Land & Pineapple by 11.0% during the 4th quarter. Barclays PLC now owns 12,004 shares of the financial services provider’s stock valued at $264,000 after acquiring an additional 1,189 shares during the period. Geode Capital Management LLC grew its position in Maui Land & Pineapple by 0.8% in 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 acquiring an additional 1,333 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Maui Land & Pineapple by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 304,698 shares of the financial services provider’s stock worth $6,696,000 after purchasing an additional 1,362 shares during the period. Institutional investors own 24.55% of the company’s stock.

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.