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

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $5.87, but opened at $5.74. SS Innovations International shares last traded at $5.79, with a volume of 24,765 shares.

Analyst Upgrades and Downgrades

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

SS Innovations International Stock Up 4.2%

The stock’s 50 day moving average price is $7.07 and its two-hundred day moving average price is $6.48. The stock has a market cap of $1.11 billion and a price-to-earnings ratio of -114.40.

SS Innovations International (NASDAQ:SSII) last posted its earnings results 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 company had revenue of $12.83 million for the quarter.

Institutional Investors Weigh In On SS Innovations International

Hedge funds have recently modified their holdings of the company. Handelsbanken Fonder AB purchased a new position in shares of SS Innovations International in the 3rd quarter valued at about $714,000. PNC Financial Services Group Inc. purchased a new position in shares of SS Innovations International during the 3rd quarter valued at approximately $56,000. Envestnet Asset Management Inc. acquired a new stake in SS Innovations International in the 3rd quarter valued at $71,000. Inspire Investing LLC purchased a new stake in SS Innovations International in the 3rd quarter worth $240,000. Finally, Geode Capital Management LLC acquired a new position in SS Innovations International during the second 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. AVRA Medical Robotics, Inc was founded in 2015 and is based in Orlando, Florida.