Milestone Scientific (NYSEAMERICAN:MLSS) Announces Quarterly Earnings Results

Milestone Scientific (NYSEAMERICAN:MLSS) issued its earnings results on Tuesday. The medical instruments supplier reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.01, MarketWatch Earnings reports. Milestone Scientific had a negative net margin of 165.06% and a negative return on equity of 104.43%.

NYSEAMERICAN:MLSS opened at $3.72 on Friday. The firm has a market capitalization of $236.94 million, a price-to-earnings ratio of -23.25 and a beta of 1.54. Milestone Scientific has a 12 month low of $0.85 and a 12 month high of $4.85. The company has a 50-day moving average price of $1.89.

Separately, Zacks Investment Research upgraded shares of Milestone Scientific from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Wednesday, March 24th.

In other Milestone Scientific news, CFO Joseph D’agostino sold 80,000 shares of the business’s stock in a transaction dated Wednesday, January 13th. The shares were sold at an average price of $2.45, for a total value of $196,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Giandomenico Trombetta sold 10,000 shares of the business’s stock in a transaction dated Monday, February 8th. The stock was sold at an average price of $3.35, for a total transaction of $33,500.00. Following the completion of the transaction, the director now directly owns 9,933,855 shares of the company’s stock, valued at $33,278,414.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 294,908 shares of company stock worth $717,981. Company insiders own 27.32% of the company’s stock.

Milestone Scientific Company Profile

Milestone Scientific, Inc develops computer-controlled anesthetic delivery devices for the medical and dental markets in the United States and internationally. The company operates in two segments, Dental and Medical. Its products include CompuDent System that are used to control the flow rate of the anesthesia during the injection, which allows virtually painless injections for various dental procedures, including routine fillings, implants, root canals, and crowns.

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Earnings History for Milestone Scientific (NYSEAMERICAN:MLSS)

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