Maui Land & Pineapple (NYSE:MLP) Shares Cross Above 200 Day Moving Average – Here’s Why

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.69 and traded as high as $18.20. Maui Land & Pineapple shares last traded at $17.1160, with a volume of 18,308 shares traded.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Weiss Ratings upgraded Maui Land & Pineapple from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday. Wall Street Zen lowered Maui Land & Pineapple from a “hold” rating to a “sell” rating in a research note on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Maui Land & Pineapple has a consensus rating of “Sell”.

Maui Land & Pineapple Stock Down 0.9%

The stock has a market capitalization of $340.01 million, a PE ratio of -85.58 and a beta of 0.68. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.38 and a quick ratio of 1.38. The business’s fifty day moving average price is $17.39 and its two-hundred day moving average price is $16.69.

Maui Land & Pineapple (NYSE:MLP) last issued its earnings results on Friday, May 15th. The financial services provider reported ($0.10) earnings per share (EPS) for the quarter. The firm had revenue of $3.40 million during the quarter. Maui Land & Pineapple had a negative return on equity of 12.78% and a negative net margin of 23.44%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Valueworks LLC raised its stake in shares of Maui Land & Pineapple by 21.1% in the fourth quarter. Valueworks LLC now owns 1,201,935 shares of the financial services provider’s stock worth $20,361,000 after purchasing an additional 209,613 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Maui Land & Pineapple by 11.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 21,828 shares of the financial services provider’s stock worth $370,000 after purchasing an additional 2,189 shares during the period. Wells Fargo & Company MN boosted its position 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 last quarter. Deutsche Bank AG boosted its position in Maui Land & Pineapple by 23.4% in the fourth quarter. Deutsche Bank AG now owns 5,264 shares of the financial services provider’s stock valued at $89,000 after buying an additional 999 shares during the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Maui Land & Pineapple by 4.0% in the 3rd quarter. Raymond James Financial Inc. now owns 77,540 shares of the financial services provider’s stock worth $1,445,000 after buying an additional 2,985 shares during the period. 24.55% of the stock is owned by institutional investors and hedge funds.

Maui Land & Pineapple Company Profile

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.