SS Innovations International (NASDAQ:SSII) Stock Price Up 8.2% – What’s Next?

Shares of SS Innovations International, Inc. (NASDAQ:SSII) were up 8.2% during trading on Tuesday . The stock traded as high as $5.81 and last traded at $5.79. Approximately 35,633 shares traded hands during trading, a decline of 43% from the average daily volume of 62,270 shares. The stock had previously closed at $5.35.

Analysts Set New Price Targets

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

SS Innovations International Trading Up 10.8%

The business has a 50 day moving average price of $6.06 and a 200-day moving average price of $6.57. The firm has a market capitalization of $1.15 billion and a PE ratio of -118.60.

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

Institutional Trading of SS Innovations International

A number of institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. purchased a new position in SS Innovations International in the third quarter valued at about $56,000. Envestnet Asset Management Inc. bought a new stake in shares of SS Innovations International during the third quarter valued at approximately $71,000. AlTi Global Inc. acquired a new stake in SS Innovations International in the second quarter worth about $121,000. Geode Capital Management LLC bought a new position in shares of SS Innovations International in the second quarter valued at approximately $122,000. Finally, Inspire Investing LLC bought a new stake in SS Innovations International in the third quarter worth about $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. AVRA Medical Robotics, Inc was founded in 2015 and is based in Orlando, Florida.