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

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

Milestone Scientific Trading Down 1.0 %

MLSS opened at $0.80 on Thursday. The company has a market cap of $57.10 million, a price-to-earnings ratio of -8.93 and a beta of 1.28. The company’s 50 day moving average is $0.90 and its 200 day moving average is $0.98. Milestone Scientific has a 12-month low of $0.41 and a 12-month high of $1.35.

Hedge Funds Weigh In On Milestone Scientific

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC boosted its holdings in shares of Milestone Scientific by 13.0% in the second quarter. Geode Capital Management LLC now owns 413,992 shares of the company’s stock worth $360,000 after buying an additional 47,777 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Milestone Scientific by 599.9% during the second quarter. Citadel Advisors LLC now owns 156,422 shares of the company’s stock valued at $143,000 after purchasing an additional 134,073 shares in the last quarter. Carnegie Capital Asset Management LLC purchased a new position in Milestone Scientific during the third quarter valued at approximately $121,000. State Street Corp lifted its holdings in Milestone Scientific by 15.7% during the second quarter. State Street Corp now owns 111,585 shares of the company’s stock valued at $102,000 after purchasing an additional 15,103 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in Milestone Scientific by 10.8% during the second quarter. Northern Trust Corp now owns 95,193 shares of the company’s stock valued at $83,000 after purchasing an additional 9,272 shares in the last quarter. Hedge funds and other institutional investors own 5.84% 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 in two segments, Dental and Medical.