SS Innovations International (NASDAQ:SSII) Shares Gap Up – Time to Buy?

SS Innovations International, Inc. (NASDAQ:SSII) shares gapped up before the market opened on Tuesday . The stock had previously closed at $5.78, but opened at $6.48. SS Innovations International shares last traded at $6.06, with a volume of 35,924 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

SS Innovations International Trading Up 4.0%

The firm has a market cap of $1.16 billion and a P/E ratio of -120.20. The firm’s 50 day moving average is $7.16 and its two-hundred day moving average is $6.79.

SS Innovations International (NASDAQ:SSII) last announced its quarterly earnings results on Tuesday, October 28th. The company reported ($0.02) earnings per share (EPS) for the quarter. SS Innovations International had a negative return on equity of 34.13% and a negative net margin of 32.10%.The business had revenue of $12.83 million during the quarter.

Institutional Trading of SS Innovations International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. acquired a new position in SS Innovations International during the third quarter worth approximately $56,000. Envestnet Asset Management Inc. bought a new position in shares of SS Innovations International during the 3rd quarter worth approximately $71,000. AlTi Global Inc. acquired a new position in shares of SS Innovations International during the 2nd quarter worth approximately $121,000. Geode Capital Management LLC acquired a new position in shares of SS Innovations International during the 2nd quarter worth approximately $122,000. Finally, Inspire Investing LLC bought a new stake in SS Innovations International in the 3rd quarter valued at $240,000.

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.