SS Innovations International (NASDAQ:SSII) Shares Gap Down – Time to Sell?

Shares of SS Innovations International, Inc. (NASDAQ:SSII) gapped down before the market opened on Friday. The stock had previously closed at $2.70, but opened at $2.58. SS Innovations International shares last traded at $2.5950, with a volume of 424 shares trading hands.

Analysts Set New Price Targets

SSII has been the topic of several recent analyst reports. Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a report on Thursday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell” and an average target price of $7.00.

SS Innovations International Stock Up 0.2%

The firm has a market cap of $517.98 million, a P/E ratio of -43.08 and a beta of -1.79. The company’s 50 day simple moving average is $3.24 and its 200-day simple moving average is $3.73.

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

Insider Buying and Selling at SS Innovations International

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

Hedge Funds Weigh In On SS Innovations International

Several hedge funds have recently bought and sold shares of SSII. Eversept Partners LP increased its stake in 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 purchasing an additional 34,799 shares during the period. Inspire Investing LLC lifted its position in shares of SS Innovations International by 26.4% during 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 during the last quarter. Finally, IFC & Insurance Marketing Inc. boosted its stake in shares of SS Innovations International by 47.7% during the first quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock valued at $84,000 after purchasing an additional 5,400 shares during the period.

About SS Innovations International

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.