Milestone Scientific’s (MLSS) “Speculative Buy” Rating Reaffirmed at Benchmark

Benchmark restated their speculative buy rating on shares of Milestone Scientific (NYSE:MLSS) in a research report released on Wednesday,Benzinga reports. The brokerage currently has a $1.25 price objective on the stock.

Separately, StockNews.com initiated coverage on Milestone Scientific in a report on Monday. They issued a “hold” rating for the company.

Milestone Scientific Price Performance

Shares of Milestone Scientific stock opened at $0.68 on Wednesday. The company’s 50-day moving average price is $0.84 and its 200-day moving average price is $0.84. Milestone Scientific has a 12-month low of $0.52 and a 12-month high of $1.10.

Insider Transactions at Milestone Scientific

In other news, Director Leonard Osser sold 107,984 shares of Milestone Scientific stock in a transaction dated Tuesday, October 22nd. The shares were sold at an average price of $0.93, for a total transaction of $100,425.12. Following the sale, the director now owns 4,606,882 shares of the company’s stock, valued at approximately $4,284,400.26. The trade was a 2.29 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have sold 109,193 shares of company stock worth $101,634. Insiders own 24.75% of the company’s stock.

Hedge Funds Weigh In On Milestone Scientific

A hedge fund recently bought a new stake in Milestone Scientific stock. Y Intercept Hong Kong Ltd acquired a new stake in shares of Milestone Scientific Inc. (NYSE:MLSS) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 52,368 shares of the company’s stock, valued at approximately $48,000. Y Intercept Hong Kong Ltd owned 0.07% of Milestone Scientific as of its most recent SEC filing. 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 through Dental and Medical segments.