Milestone Scientific (NYSE:MLSS) Stock Price Down 2.5% – What’s Next?

Milestone Scientific Inc. (NYSE:MLSSGet Free Report)’s stock price was down 2.5% during trading on Friday . The stock traded as low as $0.35 and last traded at $0.35. Approximately 83,951 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 1,280,632 shares. The stock had previously closed at $0.3590.

Milestone Scientific Stock Performance

The firm has a market cap of $30.96 million, a P/E ratio of -5.00 and a beta of 1.04. The firm’s fifty day moving average price is $0.35 and its 200 day moving average price is $0.31.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Milestone Scientific stock. Raymond James Financial Inc. boosted its stake in shares of Milestone Scientific Inc. (NYSE:MLSSFree Report) by 416.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,000 shares of the company’s stock after purchasing an additional 50,000 shares during the period. Raymond James Financial Inc. owned approximately 0.08% of Milestone Scientific worth $39,000 at the end of the most recent reporting period. Institutional investors own 5.79% of the company’s stock.

Milestone Scientific Company Profile

(Get Free Report)

Milestone Scientific, Inc, listed on the New York Stock Exchange under the symbol MLSS, is a medical device company specializing in the development and commercialization of computer-controlled injection technologies for local anesthesia and pain management. The company’s proprietary systems are designed to enhance patient comfort, improve clinical outcomes and streamline the administration of anesthetics in dental and medical procedures. Through its precision delivery platforms, Milestone Scientific aims to set a new standard for minimally invasive injections.

At the core of Milestone Scientific’s product portfolio is the Single Tooth Anesthesia (STA) System, which uses Comunication Controlled Local Anesthetic Delivery (CCLAD) technology to provide targeted, atraumatic anesthesia for individual dental roots.

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