Milestone Scientific (NYSE:MLSS) Earns Hold Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Milestone Scientific (NYSE:MLSS) in a research note published on Tuesday morning. The brokerage issued a hold rating on the stock.

Milestone Scientific Price Performance

Shares of NYSE MLSS opened at $0.55 on Tuesday. Milestone Scientific has a one year low of $0.52 and a one year high of $1.35. The business’s fifty day moving average price is $0.66 and its 200-day moving average price is $0.71. The stock has a market capitalization of $42.21 million, a PE ratio of -5.51 and a beta of 0.97.

Milestone Scientific (NYSE:MLSS) last released its quarterly earnings results on Friday, March 29th. The company reported ($0.03) earnings per share for the quarter. The business had revenue of $2.26 million during the quarter. Milestone Scientific had a negative net margin of 70.50% and a negative return on equity of 86.72%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Northern Trust Corp raised its stake in shares of Milestone Scientific by 10.8% in the second quarter. Northern Trust Corp now owns 95,193 shares of the company’s stock worth $83,000 after purchasing an additional 9,272 shares during the last quarter. State Street Corp increased its position 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 acquiring an additional 15,103 shares during the last quarter. Royal Bank of Canada purchased a new stake in Milestone Scientific during the first quarter valued at $30,000. Jane Street Group LLC purchased a new stake in Milestone Scientific during the first quarter valued at $35,000. Finally, AE Wealth Management LLC purchased a new stake in Milestone Scientific during the third quarter valued at $26,000. 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 in two segments, Dental and Medical.