Shares of Milestone Scientific Inc. (NYSE:MLSS - Get Free Report) fell 0.5% during trading on Monday . The stock traded as low as $0.88 and last traded at $0.91. 92,345 shares traded hands during mid-day trading, a decline of 29% from the average session volume of 129,491 shares. The stock had previously closed at $0.91.
Wall Street Analyst Weigh In
Separately, Wall Street Zen started coverage on shares of Milestone Scientific in a research report on Sunday, May 18th. They set a "hold" rating for the company.
Read Our Latest Analysis on MLSS
Milestone Scientific Trading Down 0.1%
The firm's 50-day moving average price is $0.94 and its 200 day moving average price is $1.00. The company has a market cap of $71.18 million, a price-to-earnings ratio of -12.96 and a beta of 0.90.
Insider Activity
In other Milestone Scientific news, major shareholder S.R.L. Bp4 sold 60,200 shares of the business's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $0.90, for a total transaction of $54,180.00. Following the completion of the sale, the insider now owns 9,531,402 shares in the company, valued at approximately $8,578,261.80. The trade was a 0.63% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 104,672 shares of company stock worth $95,530 in the last three months. Company insiders own 24.75% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in MLSS. Renaissance Technologies LLC raised 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 worth $121,000 after acquiring an additional 53,198 shares during the last quarter. XTX Topco Ltd boosted its stake in Milestone Scientific by 99.2% during the 1st quarter. XTX Topco Ltd now owns 34,135 shares of the company's stock valued at $32,000 after purchasing an additional 17,002 shares during the last quarter. Finally, Brookwood Investment Group LLC bought a new stake in Milestone Scientific during the 1st quarter worth approximately $46,000. 5.79% of the stock is owned by institutional investors.
About Milestone Scientific
(
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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