Milestone Scientific (NYSE:MLSS) Coverage Initiated by Analysts at StockNews.com

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

Milestone Scientific Price Performance

MLSS stock opened at $0.93 on Monday. Milestone Scientific has a 1 year low of $0.54 and a 1 year high of $1.39. The stock’s fifty day moving average price is $1.10 and its 200-day moving average price is $0.96. The company has a market cap of $72.64 million, a P/E ratio of -13.32 and a beta of 1.41.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted 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 in the last quarter. World Investment Advisors LLC bought a new stake in shares of Milestone Scientific during the 3rd quarter valued at $91,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Milestone Scientific during the 3rd quarter valued at $48,000. Carnegie Investment Counsel boosted its holdings in Milestone Scientific by 18.9% in the 4th quarter. Carnegie Investment Counsel now owns 172,609 shares of the company’s stock worth $166,000 after buying an additional 27,412 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Milestone Scientific by 72.8% in the 4th quarter. Renaissance Technologies LLC now owns 126,275 shares of the company’s stock worth $121,000 after buying an additional 53,198 shares in the last quarter. 5.79% of the stock is owned by hedge funds and other institutional investors.

About Milestone Scientific

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.