Maui Land & Pineapple (NYSE:MLP) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $21.57 and traded as low as $17.99. Maui Land & Pineapple shares last traded at $17.99, with a volume of 5,214 shares changing hands.

Maui Land & Pineapple Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.86 and a current ratio of 2.86. The firm has a market capitalization of $353.18 million, a PE ratio of -78.21 and a beta of 0.54. The firm’s 50 day moving average price is $19.50 and its 200-day moving average price is $21.57.

Institutional Trading of Maui Land & Pineapple

Several institutional investors have recently bought and sold shares of MLP. BNP Paribas Financial Markets lifted its position in shares of 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 buying an additional 595 shares in the last quarter. State Street Corp lifted 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 valued at $2,410,000 after purchasing an additional 4,654 shares in the last quarter. Barclays PLC grew its position in shares of Maui Land & Pineapple by 296.9% in the third quarter. Barclays PLC now owns 10,815 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 8,090 shares during the period. Geode Capital Management LLC increased its stake in shares of 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 in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of 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 worth $125,000 after purchasing an additional 2,122 shares during the last quarter. 24.55% of the stock is owned by institutional investors and hedge funds.

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.