Maui Land & Pineapple (NYSE:MLP) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Maui Land & Pineapple Company, Inc. (NYSE:MLP) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.82 and traded as low as $17.80. Maui Land & Pineapple shares last traded at $18.00, with a volume of 19,490 shares changing hands.

Maui Land & Pineapple Price Performance

The firm has a market cap of $356.91 million, a PE ratio of -79.04 and a beta of 0.54. The firm’s fifty day simple moving average is $19.60 and its two-hundred day simple moving average is $21.77. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.09.

Institutional Investors Weigh In On Maui Land & Pineapple

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in Maui Land & Pineapple by 18.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,765 shares of the financial services provider’s stock valued at $85,000 after acquiring an additional 595 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of Maui Land & Pineapple by 115.0% in the fourth quarter. Wells Fargo & Company MN now owns 5,208 shares of the financial services provider’s stock worth $114,000 after buying an additional 2,786 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in 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 valued at $125,000 after buying an additional 2,122 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Maui Land & Pineapple by 27.3% during the 4th quarter. Bank of America Corp DE now owns 10,181 shares of the financial services provider’s stock worth $224,000 after acquiring an additional 2,182 shares in the last quarter. Finally, Barclays PLC boosted 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 valued at $243,000 after acquiring an additional 8,090 shares during the last quarter. Institutional investors 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.