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 two hundred day moving average during trading on Monday . The stock has a two hundred 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 traded.

Maui Land & Pineapple Price Performance

The company’s 50-day moving average price is $19.86 and its 200-day moving average price is $22.00. 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 $355.04 million, a P/E ratio of -78.63 and a beta of 0.54.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Barclays PLC boosted its holdings in Maui Land & Pineapple by 296.9% during the third quarter. Barclays PLC now owns 10,815 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 8,090 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Maui Land & Pineapple by 0.8% during the third quarter. Geode Capital Management LLC now owns 167,830 shares of the financial services provider’s stock worth $3,768,000 after purchasing an additional 1,333 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings 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 worth $85,000 after purchasing an additional 595 shares during the last quarter. State Street Corp boosted its holdings in 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 purchasing an additional 4,654 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Maui Land & Pineapple by 61.9% during the third quarter. JPMorgan Chase & Co. now owns 5,551 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 2,122 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.