Milestone Scientific (NYSE:MLSS) Research Coverage Started at StockNews.com

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

Milestone Scientific Price Performance

Shares of NYSE MLSS opened at $0.99 on Thursday. The stock has a market capitalization of $77.60 million, a price-to-earnings ratio of -14.14 and a beta of 1.12. Milestone Scientific has a 12 month low of $0.54 and a 12 month high of $1.39. The firm’s 50 day simple moving average is $0.97 and its 200-day simple moving average is $0.96.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of Milestone Scientific by 6.4% in the third quarter. Geode Capital Management LLC now owns 527,005 shares of the company’s stock valued at $480,000 after acquiring an additional 31,572 shares in the last quarter. Carnegie Investment Counsel boosted its position in shares of Milestone Scientific by 18.9% during the 4th quarter. Carnegie Investment Counsel now owns 172,609 shares of the company’s stock worth $166,000 after purchasing an additional 27,412 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of Milestone Scientific by 72.8% during the 4th quarter. Renaissance Technologies LLC now owns 126,275 shares of the company’s stock worth $121,000 after purchasing an additional 53,198 shares during the period. Finally, World Investment Advisors LLC purchased a new position in shares of Milestone Scientific in the 3rd quarter valued at about $91,000. Institutional investors and hedge funds own 5.79% of the company’s stock.

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.