SS Innovations International (NASDAQ:SSII) Trading Up 6.8% – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price was up 6.8% on Tuesday . The company traded as high as $3.82 and last traded at $3.77. Approximately 25,413 shares traded hands during trading, a decline of 67% from the average daily volume of 75,990 shares. The stock had previously closed at $3.53.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SSII shares. Loop Capital set a $7.00 target price on shares of SS Innovations International in a research report on Wednesday, June 3rd. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell” and an average price target of $7.00.

SS Innovations International Stock Down 0.5%

The firm has a market capitalization of $700.66 million, a P/E ratio of -70.54 and a beta of -1.88. The business’s 50-day simple moving average is $4.24 and its 200 day simple moving average is $4.84.

SS Innovations International (NASDAQ:SSII) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $11.10 million during the quarter. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%.

Institutional Investors Weigh In On SS Innovations International

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SSII. PNC Financial Services Group Inc. bought a new stake in shares of SS Innovations International in the 3rd quarter worth approximately $56,000. Jane Street Group LLC bought a new position in SS Innovations International in the fourth quarter worth about $63,000. IFC & Insurance Marketing Inc. bought a new position in SS Innovations International in the fourth quarter worth about $64,000. Goldman Sachs Group Inc. bought a new position in SS Innovations International in the fourth quarter worth about $68,000. Finally, Envestnet Asset Management Inc. bought a new position in SS Innovations International in the third quarter worth about $71,000.

About SS Innovations International

AVRA Medical Robotics, Inc develops and manufactures medical surgical devices. The company has a research agreement with the University of Central Florida to develop navigation and control technologies with applications in medical robotics. The company was formerly known as AVRA Surgical Microsystems, Inc and changed its name to AVRA Medical Robotics, Inc in November 2015. AVRA Medical Robotics, Inc was founded in 2015 and is based in Orlando, Florida.