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

Equities research analysts at StockNews.com assumed coverage on shares of Milestone Scientific (NYSE:MLSS) in a report released on Saturday. The firm set a “hold” rating on the stock.

Separately, Benchmark restated a “speculative buy” rating and issued a $1.25 price target on shares of Milestone Scientific in a research note on Wednesday, November 20th.

Milestone Scientific Stock Up 5.4 %

Shares of Milestone Scientific stock opened at $0.88 on Friday. Milestone Scientific has a twelve month low of $0.52 and a twelve month high of $1.10. The company’s 50 day moving average is $0.81 and its 200 day moving average is $0.86. The company has a market cap of $68.54 million, a price-to-earnings ratio of -12.57 and a beta of 1.10.

Insider Activity

In other 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 $4,284,400.26. This trade represents a 2.29 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 24.75% of the company’s stock.

Hedge Funds Weigh In On Milestone Scientific

A number of institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its holdings in Milestone Scientific by 6.4% in the 3rd quarter. Geode Capital Management LLC now owns 527,005 shares of the company’s stock worth $480,000 after acquiring an additional 31,572 shares in the last quarter. World Investment Advisors LLC purchased a new position in Milestone Scientific during the third quarter valued at approximately $91,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of Milestone Scientific in the third quarter worth approximately $48,000. 5.79% of the stock is owned by 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.