SS Innovations International (NASDAQ:SSII) Posts Earnings Results

SS Innovations International (NASDAQ:SSII) released its quarterly earnings data on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. 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 $13.94 million for the quarter.

SS Innovations International Stock Performance

SS Innovations International stock traded up $0.14 during midday trading on Thursday, hitting $3.83. 48,046 shares of the company’s stock were exchanged, compared to its average volume of 73,472. SS Innovations International has a 52-week low of $3.11 and a 52-week high of $10.00. The stock has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $4.16. The company has a market cap of $766.50 million, a P/E ratio of -76.60 and a beta of -1.92.

Institutional Trading of SS Innovations International

Several institutional investors and hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. bought a new position in shares of SS Innovations International in the third quarter worth approximately $56,000. Jane Street Group LLC purchased a new position in SS Innovations International in the 4th quarter worth approximately $63,000. IFC & Insurance Marketing Inc. purchased a new position in SS Innovations International in the 4th quarter worth approximately $64,000. Goldman Sachs Group Inc. purchased a new stake in shares of SS Innovations International during the 4th quarter valued at $68,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of SS Innovations International during the 3rd quarter valued at $71,000.

Wall Street Analysts Forecast Growth

SSII has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a report on Friday, July 17th. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Finally, Loop Capital set a $7.00 price objective on shares of SS Innovations International in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SS Innovations International presently has an average rating of “Sell” and a consensus price target of $7.00.

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.