Milestone Pharmaceuticals (NASDAQ:MIST) Earns “Buy” Rating from HC Wainwright

Milestone Pharmaceuticals (NASDAQ:MISTGet Free Report)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a report released on Friday,Benzinga reports. They presently have a $25.00 target price on the stock.

Milestone Pharmaceuticals Trading Down 6.3 %

NASDAQ MIST opened at $1.63 on Friday. The company has a quick ratio of 15.40, a current ratio of 15.40 and a debt-to-equity ratio of 2.18. Milestone Pharmaceuticals has a twelve month low of $1.12 and a twelve month high of $2.75. The firm has a market capitalization of $86.92 million, a PE ratio of -2.01 and a beta of 1.80. The stock’s 50 day moving average is $2.06 and its 200 day moving average is $1.76.

Institutional Investors Weigh In On Milestone Pharmaceuticals

Several hedge funds have recently made changes to their positions in the company. Toronto Dominion Bank bought a new stake in shares of Milestone Pharmaceuticals during the fourth quarter valued at approximately $1,770,000. Cubist Systematic Strategies LLC bought a new stake in Milestone Pharmaceuticals in the fourth quarter worth $73,000. Boxer Capital Management LLC bought a new stake in Milestone Pharmaceuticals in the fourth quarter worth $729,000. Northern Trust Corp boosted its holdings in Milestone Pharmaceuticals by 112.6% in the fourth quarter. Northern Trust Corp now owns 58,108 shares of the company’s stock worth $137,000 after acquiring an additional 30,772 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Milestone Pharmaceuticals in the fourth quarter worth $80,000. 86.18% of the stock is currently owned by institutional investors.

Milestone Pharmaceuticals Company Profile

(Get Free Report)

Milestone Pharmaceuticals Inc, a biopharmaceutical company, focuses on the development and commercialization of cardiovascular medicines. The company's lead product candidate is etripamil, a novel and potent calcium channel blocker, which is in Phase III clinical trial for the treatment of paroxysmal supraventricular tachycardia in the United States and Canada; and Phase II clinical trial for the treatment of atrial fibrillation and rapid ventricular rate.

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