Milestone Scientific (NYSE:MLSS) Receives New Coverage from Analysts at StockNews.com

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

Milestone Scientific Stock Up 5.9 %

Milestone Scientific stock opened at $0.70 on Friday. Milestone Scientific has a 52-week low of $0.52 and a 52-week high of $1.35. The firm’s fifty day moving average is $0.66 and its 200 day moving average is $0.77. The company has a market cap of $49.66 million, a price-to-earnings ratio of -7.77 and a beta of 0.99.

Institutional Investors Weigh In On Milestone Scientific

Several institutional investors have recently modified their holdings of MLSS. AE Wealth Management LLC bought a new stake in Milestone Scientific in the third quarter worth $26,000. Carnegie Capital Asset Management LLC bought a new stake in Milestone Scientific in the third quarter worth about $121,000. Geode Capital Management LLC lifted its stake in shares of Milestone Scientific by 13.0% during the 2nd quarter. Geode Capital Management LLC now owns 413,992 shares of the company’s stock worth $360,000 after acquiring an additional 47,777 shares during the last quarter. Citadel Advisors LLC lifted its stake in shares of Milestone Scientific by 599.9% during the 2nd quarter. Citadel Advisors LLC now owns 156,422 shares of the company’s stock worth $143,000 after acquiring an additional 134,073 shares during the last quarter. Finally, State Street Corp lifted its stake in shares of Milestone Scientific by 15.7% during the 2nd quarter. State Street Corp now owns 111,585 shares of the company’s stock worth $102,000 after acquiring an additional 15,103 shares during the last quarter. 5.84% of the stock is owned by institutional investors.

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 in two segments, Dental and Medical.