SS Innovations International (NASDAQ:SSII) Shares Gap Down – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII)’s share price gapped down before the market opened on Monday . The stock had previously closed at $4.23, but opened at $4.00. SS Innovations International shares last traded at $3.80, with a volume of 108,036 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SS Innovations International currently has an average rating of “Sell”.

SS Innovations International Stock Down 14.4%

The stock has a market capitalization of $700.90 million and a PE ratio of -72.40. The company’s fifty day moving average price is $5.67 and its 200-day moving average price is $6.56.

SS Innovations International (NASDAQ:SSII) last issued its earnings results on Tuesday, January 13th. The company reported $0.04 earnings per share (EPS) for the quarter. SS Innovations International had a negative net margin of 32.10% and a negative return on equity of 34.13%.

Institutional Investors Weigh In On SS Innovations International

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Handelsbanken Fonder AB purchased a new stake in SS Innovations International in the 3rd quarter worth approximately $714,000. JNBA Financial Advisors purchased a new stake in shares of SS Innovations International in the 4th quarter valued at approximately $498,000. Forum Financial Management LP acquired a new position in SS Innovations International during the 2nd quarter worth about $344,000. Inspire Investing LLC purchased a new position in shares of SS Innovations International in the 3rd quarter valued at about $240,000. Finally, Geode Capital Management LLC acquired a new position in SS Innovations International in the second quarter valued at $122,000.

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.