Maxim Group Reaffirms “Buy” Rating for Milestone Scientific (NYSEAMERICAN:MLSS)

Milestone Scientific (NYSEAMERICAN:MLSS)‘s stock had its “buy” rating reiterated by analysts at Maxim Group in a note issued to investors on Friday, AnalystRatings.com reports. They currently have a $2.00 target price on the medical instruments supplier’s stock. Maxim Group’s price target indicates a potential upside of 72.41% from the stock’s current price.

Milestone Scientific stock opened at $1.16 on Friday. Milestone Scientific has a 1 year low of $0.26 and a 1 year high of $1.41.

Milestone Scientific (NYSEAMERICAN:MLSS) last released its quarterly earnings data on Wednesday, August 14th. The medical instruments supplier reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $2.26 million for the quarter.

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its position in shares of Milestone Scientific by 36.3% during the second quarter. Commonwealth Equity Services LLC now owns 95,122 shares of the medical instruments supplier’s stock valued at $34,000 after buying an additional 25,310 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Milestone Scientific by 36.4% during the second quarter. Vanguard Group Inc. now owns 134,487 shares of the medical instruments supplier’s stock valued at $48,000 after buying an additional 35,886 shares during the last quarter. Finally, Private Capital Group LLC raised its position in shares of Milestone Scientific by 678.5% during the second quarter. Private Capital Group LLC now owns 31,139 shares of the medical instruments supplier’s stock valued at $25,000 after buying an additional 27,139 shares during the last quarter.

About Milestone Scientific

Milestone Scientific, Inc develops computer-controlled anesthetic delivery devices for the medical and dental markets in the United States and internationally. The company operates through dental and medical segments. Its products include CompuDent System used to control the flow rate of the anesthesia during the injection that allows virtually painless injections for various dental procedures, including routine fillings, implants, root canals, and crowns; and CompuFlo, a computer-controlled drug delivery system for the painless delivery of drugs, anesthetics, and other medicaments, as well as for the aspiration of bodily fluids or previously injected substances.

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