SS Innovations International (NASDAQ:SSII) Trading 7.3% Higher – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII) was up 7.3% during trading on Thursday . The stock traded as high as $3.89 and last traded at $3.96. 16,811 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 73,263 shares. The stock had previously closed at $3.69.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SSII shares. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a report on Friday, July 17th. Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Finally, Loop Capital set a $7.00 target price on SS Innovations International in a research note on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell” and an average target price of $7.00.

SS Innovations International Stock Up 1.6%

The firm has a fifty day simple moving average of $3.66 and a 200-day simple moving average of $4.14. The company has a market cap of $778.51 million, a PE ratio of -64.83 and a beta of -1.92.

SS Innovations International (NASDAQ:SSII) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $13.94 million for the quarter. SS Innovations International had a negative return on equity of 28.17% and a negative net margin of 23.73%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new position in shares of SS Innovations International during the 3rd quarter valued at approximately $56,000. Jane Street Group LLC acquired 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 during the 4th quarter worth approximately $64,000. Goldman Sachs Group Inc. bought a new stake in shares of SS Innovations International in the 4th quarter valued at approximately $68,000. Finally, Envestnet Asset Management Inc. bought a new position in SS Innovations International during the third quarter worth $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.