Maui Land & Pineapple (NYSE:MLP) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Maui Land & Pineapple Company, Inc. (NYSE:MLP) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.66 and traded as high as $17.89. Maui Land & Pineapple shares last traded at $17.86, with a volume of 20,772 shares traded.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MLP shares. Wall Street Zen downgraded Maui Land & Pineapple from a “hold” rating to a “sell” rating in a report on Saturday, May 23rd. Weiss Ratings cut Maui Land & Pineapple from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Maui Land & Pineapple Stock Performance

The stock’s 50 day moving average price is $17.33 and its 200 day moving average price is $16.66. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.21. The company has a market cap of $354.70 million, a price-to-earnings ratio of -89.30 and a beta of 0.67.

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

Hedge Funds Weigh In On Maui Land & Pineapple

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC purchased a new stake in shares of Maui Land & Pineapple during the 1st quarter valued at $159,000. TSP Capital Management Group LLC raised its position in shares of Maui Land & Pineapple by 0.3% in the 1st quarter. TSP Capital Management Group LLC now owns 1,102,001 shares of the financial services provider’s stock worth $16,960,000 after buying an additional 3,560 shares during the period. Barclays PLC boosted its holdings in Maui Land & Pineapple by 9.2% in the fourth quarter. Barclays PLC now owns 10,616 shares of the financial services provider’s stock valued at $180,000 after acquiring an additional 892 shares during the last quarter. Valueworks LLC boosted its holdings in 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 valued at $20,361,000 after acquiring an additional 209,613 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in 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 valued at $370,000 after acquiring an additional 2,189 shares during the period. Institutional investors and hedge funds own 24.55% of the company’s stock.

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.