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

Maui Land & Pineapple Company, Inc. (NYSE:MLP)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $20.97 and traded as low as $15.01. Maui Land & Pineapple shares last traded at $16.59, with a volume of 31,556 shares traded.

Maui Land & Pineapple Stock Performance

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 fifty day moving average of $18.72 and a two-hundred day moving average of $20.97. The stock has a market capitalization of $327.44 million, a P/E ratio of -72.11 and a beta of 0.63.

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

Hedge Funds Weigh In On Maui Land & Pineapple

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its position in Maui Land & Pineapple by 18.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,765 shares of the financial services provider’s stock valued at $85,000 after purchasing an additional 595 shares during the period. State Street Corp grew its position in shares of Maui Land & Pineapple by 4.5% during the third quarter. State Street Corp now owns 107,366 shares of the financial services provider’s stock worth $2,410,000 after acquiring an additional 4,654 shares during the last quarter. Barclays PLC increased its holdings 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 worth $243,000 after acquiring an additional 8,090 shares during the period. Geode Capital Management LLC lifted 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 purchasing an additional 1,333 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Maui Land & Pineapple by 61.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 2,122 shares during the period. 24.55% of the stock is owned by 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.