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 sent to investors on Sunday. The brokerage issued a hold rating on the stock.

Milestone Scientific Trading Up 7.9 %

NYSE:MLSS opened at $1.09 on Friday. The company has a market capitalization of $84.90 million, a P/E ratio of -15.57 and a beta of 1.41. Milestone Scientific has a 12 month low of $0.54 and a 12 month high of $1.39. The firm has a fifty day simple moving average of $1.11 and a 200-day simple moving average of $0.96.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Geode Capital Management LLC boosted its position in 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 buying an additional 31,572 shares during the last quarter. Carnegie Investment Counsel lifted its stake in Milestone Scientific by 18.9% during the 4th quarter. Carnegie Investment Counsel now owns 172,609 shares of the company’s stock valued at $166,000 after acquiring an additional 27,412 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Milestone Scientific by 72.8% in the 4th quarter. Renaissance Technologies LLC now owns 126,275 shares of the company’s stock valued at $121,000 after acquiring an additional 53,198 shares during the last quarter. World Investment Advisors LLC purchased a new stake in shares of Milestone Scientific in the 3rd quarter valued at $91,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in shares of Milestone Scientific in the third quarter worth $48,000. 5.79% of the stock is owned by institutional investors and hedge funds.

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.