Milestone Scientific Inc. (NYSE:MLSS - Get Free Report)'s stock price traded up 3.4% on Wednesday . The company traded as high as $0.70 and last traded at $0.69. 7,276 shares traded hands during trading, a decline of 94% from the average session volume of 127,096 shares. The stock had previously closed at $0.66.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen assumed coverage on shares of Milestone Scientific in a research note on Sunday, May 18th. They set a "hold" rating for the company.
Read Our Latest Report on Milestone Scientific
Milestone Scientific Trading Up 3.4%
The business's 50 day simple moving average is $0.88 and its two-hundred day simple moving average is $0.98. The firm has a market capitalization of $53.76 million, a P/E ratio of -9.78 and a beta of 0.80.
Insider Activity at Milestone Scientific
In other news, major shareholder S.R.L. Bp4 sold 60,200 shares of Milestone Scientific stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $0.90, for a total value of $54,180.00. Following the completion of the sale, the insider directly owned 9,531,402 shares in the company, valued at $8,578,261.80. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 168,100 shares of company stock valued at $149,413 in the last three months. Insiders own 24.75% of the company's stock.
Hedge Funds Weigh In On Milestone Scientific
Institutional investors and hedge funds have recently made changes to their positions in the business. XTX Topco Ltd boosted its holdings in shares of Milestone Scientific by 99.2% in the first quarter. XTX Topco Ltd now owns 34,135 shares of the company's stock worth $32,000 after buying an additional 17,002 shares during the last quarter. Brookwood Investment Group LLC purchased a new position in shares of Milestone Scientific in the first quarter worth approximately $46,000. Finally, Renaissance Technologies LLC boosted its holdings in shares of Milestone Scientific by 72.8% in the fourth quarter. Renaissance Technologies LLC now owns 126,275 shares of the company's stock worth $121,000 after buying an additional 53,198 shares during the last quarter. Hedge funds and other institutional investors 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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