Maui Land & Pineapple (NYSE:MLP) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.80 and traded as low as $16.04. Maui Land & Pineapple shares last traded at $16.1350, with a volume of 20,803 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on MLP shares. Wall Street Zen raised shares of Maui Land & Pineapple from a “sell” rating to a “hold” rating in a research report on Saturday, January 17th. Weiss Ratings reissued a “sell (d-)” rating on shares of Maui Land & Pineapple in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Maui Land & Pineapple has an average rating of “Sell”.

Maui Land & Pineapple Stock Performance

The stock has a market cap of $314.77 million, a price-to-earnings ratio of -27.03 and a beta of 0.66. The company has a 50-day simple moving average of $16.85 and a two-hundred day simple moving average of $16.79.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of MLP. Strs Ohio acquired a new stake in Maui Land & Pineapple in the 1st quarter valued at about $26,000. Tower Research Capital LLC TRC grew its holdings in Maui Land & Pineapple by 339.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,818 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 2,177 shares during the period. Deutsche Bank AG increased its position in Maui Land & Pineapple by 23.4% during the fourth quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider’s stock worth $89,000 after buying an additional 999 shares during the last quarter. Wells Fargo & Company MN raised its stake in Maui Land & Pineapple by 75.8% in the fourth quarter. Wells Fargo & Company MN now owns 7,477 shares of the financial services provider’s stock valued at $127,000 after buying an additional 3,224 shares during the period. Finally, Barclays PLC raised its stake in Maui Land & Pineapple by 9.2% in the fourth quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock valued at $180,000 after buying an additional 892 shares during the period. 24.55% of the stock is currently owned by institutional investors and hedge funds.

About Maui Land & Pineapple

Maui Land & Pineapple Company, Inc (NYSE: MLP) is a real estate development and natural resource management enterprise headquartered in Kahului on the island of Maui, Hawaii. The company maintains a diversified portfolio of commercial, industrial, retail, hospitality and residential properties, primarily serving the local Maui market. Through its property management and leasing activities, MLP supports a range of tenants and projects designed to meet the evolving needs of residents, small businesses and visitors to the island.

Originally best known for its pineapple cultivation operations dating back to the early 20th century, MLP transitioned from its agricultural roots following the divestiture of its pineapple farming business in 2009.