Maui Land & Pineapple (NYSE:MLP) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Maui Land & Pineapple Company, Inc. (NYSE:MLP) passed below its 200-day moving average during trading on Monday . The stock has a 200-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.

Maui Land & Pineapple Stock Performance

The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.09. The firm has a fifty day moving average price of $20.03 and a 200 day moving average price of $22.06. The firm has a market cap of $364.86 million, a PE ratio of -80.80 and a beta of 0.54.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased 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 worth $85,000 after purchasing an additional 595 shares during the last quarter. State Street Corp increased its position in shares of 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 worth $2,410,000 after purchasing an additional 4,654 shares during the last quarter. Barclays PLC increased its position in shares of Maui Land & Pineapple by 296.9% during the 3rd 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 increased its position in shares of 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 worth $3,768,000 after purchasing an additional 1,333 shares during the last quarter. Finally, JPMorgan Chase & Co. increased 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. 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.