SS Innovations International (NASDAQ:SSII) Shares Up 6.5% – Here’s What Happened

SS Innovations International, Inc. (NASDAQ:SSII) shares rose 6.5% on Tuesday . The company traded as high as $5.42 and last traded at $5.42. Approximately 34,073 shares were traded during mid-day trading, a decline of 69% from the average daily volume of 108,952 shares. The stock had previously closed at $5.09.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

SS Innovations International Stock Up 7.7%

The firm’s 50 day moving average is $7.17 and its 200-day moving average is $6.50. The firm has a market cap of $1.06 billion and a PE ratio of -109.60.

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

Institutional Investors Weigh In On SS Innovations International

Hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. purchased a new stake in SS Innovations International in the third quarter valued at approximately $56,000. Envestnet Asset Management Inc. purchased a new stake in shares of SS Innovations International during the 3rd quarter valued at $71,000. AlTi Global Inc. acquired a new stake in shares of SS Innovations International during the 2nd quarter worth $121,000. Geode Capital Management LLC acquired a new stake in shares of SS Innovations International during the 2nd quarter worth $122,000. Finally, Inspire Investing LLC purchased a new position in shares of SS Innovations International in the 3rd quarter worth $240,000.

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.