StockNews.com Initiates Coverage on Milestone Scientific (NYSE:MLSS)

StockNews.com started coverage on shares of Milestone Scientific (NYSE:MLSS) in a research note issued to investors on Saturday. The firm issued a hold rating on the stock.

Separately, Benchmark reiterated a “speculative buy” rating and set a $1.25 price target on shares of Milestone Scientific in a report on Wednesday, November 20th.

Milestone Scientific Stock Performance

Shares of MLSS opened at $0.88 on Friday. The firm has a market capitalization of $68.54 million, a P/E ratio of -12.57 and a beta of 1.10. Milestone Scientific has a 52 week low of $0.52 and a 52 week high of $1.10. The stock has a 50 day moving average price of $0.81 and a two-hundred day moving average price of $0.86.

Insiders Place Their Bets

In other news, Director Leonard Osser sold 107,984 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of $0.93, for a total transaction of $100,425.12. Following the completion of the sale, the director now directly owns 4,606,882 shares of the company’s stock, valued at $4,284,400.26. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 24.75% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Milestone Scientific

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in Milestone Scientific by 6.4% during the third quarter. Geode Capital Management LLC now owns 527,005 shares of the company’s stock valued at $480,000 after purchasing an additional 31,572 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Milestone Scientific in the third quarter valued at $48,000. Finally, World Investment Advisors LLC purchased a new position in shares of Milestone Scientific during the 3rd quarter valued at $91,000. Institutional investors own 5.79% of the company’s stock.

Milestone Scientific Company Profile

Milestone Scientific Inc, a biomedical technology research and development company, patents, designs, develops, and commercializes diagnostic and therapeutic injection technologies, and devices for medical, dental, and cosmetic use in the United States, China, and internationally. The company operates through Dental and Medical segments.