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

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

Separately, Benchmark started coverage on shares of Milestone Scientific in a research note on Thursday, October 10th. They set a “speculative buy” rating and a $1.25 price objective for the company.

Milestone Scientific Stock Performance

MLSS opened at $0.65 on Monday. Milestone Scientific has a 1 year low of $0.52 and a 1 year high of $1.10. The company’s 50 day simple moving average is $0.86 and its 200 day simple moving average is $0.84. The stock has a market capitalization of $50.20 million, a PE ratio of -9.28 and a beta of 1.08.

Insider Activity

In related news, Director Leonard Osser sold 107,984 shares of Milestone Scientific stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of $0.93, for a total transaction of $100,425.12. Following the transaction, the director now owns 4,606,882 shares in the company, valued at approximately $4,284,400.26. The trade was a 2.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 251,106 shares of company stock valued at $236,451 in the last three months. Corporate insiders own 24.75% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Milestone Scientific stock. Y Intercept Hong Kong Ltd bought a new stake in shares of Milestone Scientific Inc. (NYSE:MLSS) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 52,368 shares of the company’s stock, valued at approximately $48,000. Y Intercept Hong Kong Ltd owned 0.07% of Milestone Scientific as of its most recent filing with the SEC. Hedge funds and other 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.