Milestone Scientific Inc. (NYSE:MLSS - Get Free Report) rose 3.4% during trading on Wednesday . The company traded as high as $0.70 and last traded at $0.69. Approximately 7,276 shares changed hands during trading, a decline of 94% from the average daily volume of 127,096 shares. The stock had previously closed at $0.66.
Wall Street Analyst Weigh In
Separately, Wall Street Zen began coverage on shares of Milestone Scientific in a research report on Sunday, May 18th. They set a "hold" rating for the company.
Check Out Our Latest Report on Milestone Scientific
Milestone Scientific Stock Down 0.6%
The firm has a market cap of $52.30 million, a P/E ratio of -9.52 and a beta of 0.80. The stock's 50-day moving average is $0.86 and its 200-day moving average is $0.98.
Insider Buying and Selling at Milestone Scientific
In other Milestone Scientific news, major shareholder S.R.L. Bp4 sold 50,853 shares of Milestone Scientific stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $0.67, for a total transaction of $34,071.51. Following the completion of the sale, the insider owned 9,350,846 shares of the company's stock, valued at approximately $6,265,066.82. The trade was a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold a total of 261,000 shares of company stock valued at $212,192 over the last three months. Company insiders own 24.75% of the company's stock.
Hedge Funds Weigh In On Milestone Scientific
Several institutional investors and hedge funds have recently made changes to their positions in the company. Renaissance Technologies LLC grew 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 buying an additional 53,198 shares during the period. Brookwood Investment Group LLC acquired a new position in Milestone Scientific in the 1st quarter worth $46,000. Finally, XTX Topco Ltd boosted its stake in Milestone Scientific by 99.2% in the 1st quarter. XTX Topco Ltd now owns 34,135 shares of the company's stock worth $32,000 after purchasing an additional 17,002 shares during the period. Institutional investors and hedge funds own 5.79% of the company's stock.
Milestone Scientific Company Profile
(
Get Free Report)
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.
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