SS Innovations International (NASDAQ:SSII) Shares Gap Down – Here’s What Happened

Shares of SS Innovations International, Inc. (NASDAQ:SSII) gapped down before the market opened on Tuesday . The stock had previously closed at $3.75, but opened at $3.61. SS Innovations International shares last traded at $3.6850, with a volume of 13,747 shares traded.

Wall Street Analyst Weigh In

SSII has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research report on Friday, July 17th. Loop Capital set a $7.00 price objective on SS Innovations International in a research note on Wednesday, June 3rd. Finally, Wall Street Zen raised SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Sell” and a consensus price target of $7.00.

SS Innovations International Price Performance

The stock has a market capitalization of $716.47 million, a price-to-earnings ratio of -71.60 and a beta of -1.96. The business’s 50-day moving average is $3.71 and its two-hundred day moving average is $4.35.

SS Innovations International (NASDAQ:SSII) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.02) 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 Trading of SS Innovations International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new stake in shares of SS Innovations International in the fourth quarter valued at about $63,000. IFC & Insurance Marketing Inc. purchased a new position in SS Innovations International during the fourth quarter worth about $64,000. Goldman Sachs Group Inc. acquired a new position in SS Innovations International in the 4th quarter valued at about $68,000. PNC Financial Services Group Inc. boosted its holdings in SS Innovations International by 58.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company’s stock valued at $77,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of SS Innovations International in the 3rd quarter valued at approximately $71,000.

SS Innovations International Company Profile

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.