Milestone Scientific (NYSE:MLSS) Trading Down 0.5% - Here's Why

Milestone Scientific Inc. (NYSE:MLSS - Get Free Report) dropped 0.5% during mid-day trading on Monday . The stock traded as low as $0.88 and last traded at $0.91. Approximately 92,345 shares traded hands during trading, a decline of 29% from the average daily volume of 129,491 shares. The stock had previously closed at $0.91.

Analyst Ratings Changes

Separately, Wall Street Zen started coverage on Milestone Scientific in a research report on Sunday, May 18th. They issued a "hold" rating on the stock.

Milestone Scientific Price Performance

The firm's fifty day moving average is $0.94 and its two-hundred day moving average is $1.00. The firm has a market cap of $69.06 million, a price-to-earnings ratio of -12.57 and a beta of 0.90.

Insider Transactions at Milestone Scientific

In other news, major shareholder S.R.L. Bp4 sold 60,200 shares of the firm's stock in a transaction on Friday, June 6th. The stock was 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 directly owns 9,531,402 shares of the company's stock, valued at $8,578,261.80. This trade represents a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold 104,672 shares of company stock valued at $95,530 in the last quarter. Insiders own 24.75% of the company's stock.

Institutional Investors Weigh In On Milestone Scientific

Several hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC raised its holdings in Milestone Scientific by 72.8% during the 4th 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 period. Brookwood Investment Group LLC acquired a new stake in shares of Milestone Scientific during the first quarter valued at approximately $46,000. Finally, XTX Topco Ltd lifted its position in shares of Milestone Scientific by 99.2% in the 1st quarter. XTX Topco Ltd now owns 34,135 shares of the company's stock valued at $32,000 after acquiring an additional 17,002 shares in the last quarter. 5.79% of the stock is owned by hedge funds and other institutional investors.

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 through Dental and Medical segments.