Handelsbanken Fonder AB Takes Position in SS Innovations International, Inc. $SSII

Handelsbanken Fonder AB purchased a new stake in SS Innovations International, Inc. (NASDAQ:SSII) during the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 109,802 shares of the company’s stock, valued at approximately $714,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SSII. PNC Financial Services Group Inc. bought a new stake in SS Innovations International in the 3rd quarter valued at about $56,000. Envestnet Asset Management Inc. bought a new position in shares of SS Innovations International during the third quarter worth approximately $71,000. Geode Capital Management LLC acquired a new stake in shares of SS Innovations International in the second quarter valued at approximately $122,000. Finally, Inspire Investing LLC bought a new stake in shares of SS Innovations International in the third quarter valued at approximately $240,000.

SS Innovations International Price Performance

Shares of SSII opened at $4.93 on Friday. SS Innovations International, Inc. has a one year low of $3.02 and a one year high of $22.42. The company has a market cap of $958.18 million and a P/E ratio of -98.60. The firm has a 50 day simple moving average of $4.88 and a two-hundred day simple moving average of $6.11.

SS Innovations International (NASDAQ:SSII) last issued its earnings results on Tuesday, January 13th. The company reported $0.04 earnings per share for the quarter. SS Innovations International had a negative return on equity of 34.13% and a negative net margin of 32.10%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SS Innovations International has a consensus rating of “Sell”.

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.