Maui Land & Pineapple (NYSE:MLP) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.06 and traded as low as $18.42. Maui Land & Pineapple shares last traded at $18.59, with a volume of 19,276 shares trading hands.

Maui Land & Pineapple Trading Up 4.5 %

The stock has a market cap of $355.04 million, a price-to-earnings ratio of -78.63 and a beta of 0.54. 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’s 50 day simple moving average is $19.86 and its 200 day simple moving average is $22.00.

Institutional Trading of Maui Land & Pineapple

A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets lifted its stake 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. 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 buying an additional 1,000 shares during the last quarter. Barclays PLC lifted its stake in shares of Maui Land & Pineapple by 11.0% during the 4th quarter. Barclays PLC now owns 12,004 shares of the financial services provider’s stock worth $264,000 after buying an additional 1,189 shares during the last quarter. Geode Capital Management LLC lifted 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 worth $3,768,000 after buying an additional 1,333 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Maui Land & Pineapple by 0.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 304,698 shares of the financial services provider’s stock worth $6,696,000 after buying an additional 1,362 shares during the last quarter. Institutional investors and hedge funds 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.