StockNews.com Begins Coverage on Milestone Scientific (NYSE:MLSS)

StockNews.com assumed coverage on shares of Milestone Scientific (NYSE:MLSS) in a research note published on Wednesday morning. The firm issued a hold rating on the stock.

Milestone Scientific Price Performance

Shares of MLSS stock opened at $0.87 on Wednesday. The stock has a market capitalization of $67.19 million, a PE ratio of -8.70 and a beta of 1.08. Milestone Scientific has a 1-year low of $0.52 and a 1-year high of $1.10. The business has a 50-day moving average of $0.96 and a 200 day moving average of $0.80.

Milestone Scientific (NYSE:MLSS) last issued its earnings results on Thursday, August 15th. The company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $1.85 million for the quarter. Milestone Scientific had a negative net margin of 54.87% and a negative return on equity of 60.78%.

Insider Transactions at Milestone Scientific

In related news, Director Leonard Osser sold 141,913 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $0.95, for a total transaction of $134,817.35. Following the completion of the transaction, the director now owns 4,602,506 shares of the company’s stock, valued at $4,372,380.70. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 143,122 shares of company stock valued at $136,026. Corporate insiders own 24.75% of the company’s stock.

About Milestone Scientific

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.