SS Innovations International (NASDAQ:SSII) Stock Price Down 6% – Here’s What Happened

SS Innovations International, Inc. (NASDAQ:SSII) shares dropped 6% during trading on Friday . The company traded as low as $3.33 and last traded at $3.4010. Approximately 15,414 shares were traded during trading, a decline of 79% from the average session volume of 73,248 shares. The stock had previously closed at $3.62.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Tuesday, April 21st. Wall Street Zen cut SS Innovations International from a “hold” rating to a “sell” rating in a report on Saturday, June 20th. Finally, Loop Capital set a $7.00 target price on SS Innovations International in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell” and an average target price of $7.00.

SS Innovations International Stock Performance

The company’s fifty day moving average price is $3.96 and its 200 day moving average price is $4.62. The firm has a market capitalization of $675.44 million, a price-to-earnings ratio of -67.48 and a beta of -1.88.

SS Innovations International (NASDAQ:SSII) last posted its earnings results on Wednesday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%. The firm had revenue of $11.10 million for the quarter.

Institutional Investors Weigh In On SS Innovations International

A number of large investors have recently made changes to their positions in SSII. Eversept Partners LP boosted its position in shares of SS Innovations International by 46.2% in the first quarter. Eversept Partners LP now owns 110,157 shares of the company’s stock worth $551,000 after buying an additional 34,799 shares during the period. Inspire Investing LLC boosted its holdings in SS Innovations International by 26.4% in the first quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock worth $523,000 after purchasing an additional 21,851 shares in the last quarter. IFC & Insurance Marketing Inc. boosted its stake in shares of SS Innovations International by 47.7% during the 1st quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock worth $84,000 after acquiring an additional 5,400 shares in the last quarter. Vontobel Holding Ltd. bought a new stake in SS Innovations International during the fourth quarter worth approximately $116,000. Finally, Jane Street Group LLC acquired a new position in SS Innovations International in the 4th quarter valued at $63,000.

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.