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

Maui Land & Pineapple Company, Inc. (NYSE:MLP) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.24 and traded as low as $19.78. Maui Land & Pineapple shares last traded at $19.97, with a volume of 8,524 shares.

Maui Land & Pineapple Trading Down 0.1 %

The firm has a fifty day moving average of $20.61 and a two-hundred day moving average of $22.24. The company has a market cap of $391.93 million, a PE ratio of -86.80 and a beta of 0.48. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On Maui Land & Pineapple

Large investors have recently added to or reduced their stakes in the company. Valueworks LLC grew its holdings in Maui Land & Pineapple by 9.8% during the 4th quarter. Valueworks LLC now owns 803,267 shares of the financial services provider’s stock valued at $17,656,000 after buying an additional 71,751 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 valued at $6,696,000 after buying an additional 1,362 shares in the last quarter. Geode Capital Management LLC grew its holdings in 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 valued at $3,768,000 after buying an additional 1,333 shares in the last quarter. State Street Corp grew its holdings in Maui Land & Pineapple by 4.5% during the 3rd quarter. State Street Corp now owns 107,366 shares of the financial services provider’s stock valued at $2,410,000 after buying an additional 4,654 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Maui Land & Pineapple during the 4th quarter valued at about $1,648,000. Hedge funds and other institutional investors 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.