Milestone Scientific (NYSE:MLSS) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Milestone Scientific (NYSE:MLSS) in a research report issued on Sunday. The firm set a “hold” rating on the stock.

Milestone Scientific Price Performance

Shares of MLSS stock opened at $1.01 on Friday. The firm has a 50-day moving average of $1.11 and a 200-day moving average of $0.96. The company has a market cap of $78.67 million, a P/E ratio of -14.43 and a beta of 1.41. Milestone Scientific has a one year low of $0.54 and a one year high of $1.39.

Institutional Trading of Milestone Scientific

Institutional investors and hedge funds have recently made changes to their positions in the company. Y Intercept Hong Kong Ltd purchased a new stake in shares of Milestone Scientific in the third quarter valued at about $48,000. World Investment Advisors LLC purchased a new stake in shares of Milestone Scientific in the third quarter valued at about $91,000. Renaissance Technologies LLC raised its holdings in shares of Milestone Scientific by 72.8% in the fourth quarter. Renaissance Technologies LLC now owns 126,275 shares of the company’s stock valued at $121,000 after purchasing an additional 53,198 shares during the last quarter. Carnegie Investment Counsel grew its position in Milestone Scientific by 18.9% during the fourth quarter. Carnegie Investment Counsel now owns 172,609 shares of the company’s stock valued at $166,000 after buying an additional 27,412 shares during the period. Finally, Geode Capital Management LLC grew its position 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 buying an additional 31,572 shares during the period. Hedge funds and other institutional investors 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.