SS Innovations International (NASDAQ:SSII) Shares Gap Down – Here’s Why

SS Innovations International, Inc. (NASDAQ:SSII) gapped down before the market opened on Tuesday . The stock had previously closed at $6.73, but opened at $6.13. SS Innovations International shares last traded at $6.15, with a volume of 3,795 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

SS Innovations International Stock Down 1.0%

The business has a 50 day moving average price of $7.23 and a 200 day moving average price of $6.66. The stock has a market cap of $1.18 billion and a P/E ratio of -121.80.

SS Innovations International (NASDAQ:SSII) last released its quarterly earnings data on Tuesday, October 28th. The company reported ($0.02) EPS for the quarter. SS Innovations International had a negative return on equity of 34.13% and a negative net margin of 32.10%.The firm had revenue of $12.83 million for the quarter.

Hedge Funds Weigh In On SS Innovations International

Several hedge funds and other institutional investors have recently modified their holdings of SSII. AlTi Global Inc. purchased a new position in shares of SS Innovations International in the second quarter worth $121,000. Forum Financial Management LP purchased a new stake in shares of SS Innovations International during the second quarter valued at $344,000. PNC Financial Services Group Inc. acquired a new position in shares of SS Innovations International in the 3rd quarter valued at $56,000. Envestnet Asset Management Inc. acquired a new position in shares of SS Innovations International in the 3rd quarter valued at $71,000. Finally, Geode Capital Management LLC purchased a new position in SS Innovations International in the 2nd quarter worth $122,000.

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.