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

Shares of SS Innovations International, Inc. (NASDAQ:SSII) gapped up prior to trading on Wednesday . The stock had previously closed at $5.61, but opened at $5.87. SS Innovations International shares last traded at $5.87, with a volume of 210 shares trading hands.

Analyst Ratings Changes

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

SS Innovations International Stock Performance

The company has a market capitalization of $1.12 billion and a PE ratio of -116.20. The company’s 50-day moving average is $6.98 and its 200 day moving average is $6.49.

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

Institutional Inflows and Outflows

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

About SS Innovations International

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.