SS Innovations International (NASDAQ:SSII) Hits New 1-Year Low – Time to Sell?

SS Innovations International, Inc. (NASDAQ:SSII) reached a new 52-week low during trading on Monday. The company traded as low as $2.65 and last traded at $2.6970, with a volume of 7929 shares changing hands. The stock had previously closed at $2.67.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SSII shares. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research note on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell” and a consensus price target of $7.00.

SS Innovations International Trading Down 0.4%

The stock has a market capitalization of $553.05 million, a P/E ratio of -46.00 and a beta of -1.79. The company has a 50-day moving average price of $3.41 and a 200 day moving average price of $3.84.

SS Innovations International (NASDAQ:SSII) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. SS Innovations International had a negative net margin of 23.73% and a negative return on equity of 26.77%. The company had revenue of $13.94 million for the quarter.

Insider Buying and Selling at SS Innovations International

In other news, CEO Srivastava Sudhir sold 33,333 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $3.00, for a total value of $99,999.00. Following the sale, the chief executive officer directly owned 108,520,928 shares in the company, valued at approximately $325,562,784. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Investors Weigh In On SS Innovations International

Institutional investors have recently bought and sold shares of the company. Eversept Partners LP grew its stake in SS Innovations International by 46.2% during the 1st 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 last quarter. Inspire Investing LLC grew its position in SS Innovations International by 26.4% during the 1st quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock worth $523,000 after purchasing an additional 21,851 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. grew its position in 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 purchasing an additional 5,400 shares during the last quarter.

SS Innovations International Company Profile

SS Innovations International Inc is a medical technology company focused on developing and commercializing robotic-assisted surgical systems. Its principal platform, the SSI MANTRA surgical robotic system, is designed to support minimally invasive procedures by providing surgeons with enhanced visualization, precision and instrument control.

The company also develops related surgical instruments, accessories and technologies intended for use across a range of specialties. Its products are aimed at hospitals and surgical teams seeking robotic assistance for procedures while supporting operating-room efficiency and improved patient care.

SS Innovations was founded by Dr.