SS Innovations International (NASDAQ:SSII) Trading 7.2% Higher – Should You Buy?

SS Innovations International, Inc. (NASDAQ:SSII) shares traded up 7.2% during trading on Thursday . The company traded as high as $3.61 and last traded at $3.8380. Approximately 17,652 shares were traded during mid-day trading, a decline of 76% from the average session volume of 72,101 shares. The stock had previously closed at $3.58.

Analyst Ratings Changes

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

SS Innovations International Stock Down 2.8%

The stock has a market cap of $694.46 million, a price-to-earnings ratio of -69.40 and a beta of -1.96. The company’s 50-day simple moving average is $3.69 and its 200-day simple moving average is $4.33.

SS Innovations International (NASDAQ:SSII) last posted its quarterly 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 company had revenue of $11.10 million during the quarter.

Institutional Investors Weigh In On SS Innovations International

A number of institutional investors and hedge funds have recently modified their holdings of SSII. PNC Financial Services Group Inc. boosted its position in shares of SS Innovations International by 58.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company’s stock valued at $77,000 after purchasing an additional 5,000 shares during the period. IFC & Insurance Marketing Inc. increased its stake in SS Innovations International by 47.7% in the 1st quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock worth $84,000 after purchasing an additional 5,400 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in SS Innovations International by 9.3% during the 4th quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock worth $682,000 after buying an additional 10,198 shares during the period. Envestnet Asset Management Inc. acquired a new stake in SS Innovations International during the 3rd quarter worth about $71,000. Finally, Jane Street Group LLC acquired a new stake in SS Innovations International during the 4th quarter worth about $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.