SS Innovations International (NASDAQ:SSII) Trading Up 7.4% – Should You Buy?

SS Innovations International, Inc. (NASDAQ:SSII) shares traded up 7.4% during mid-day trading on Thursday . The stock traded as high as $4.95 and last traded at $4.95. 14,490 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 103,257 shares. The stock had previously closed at $4.61.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a research report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

SS Innovations International Price Performance

The company’s 50-day simple moving average is $4.85 and its 200-day simple moving average is $6.10. The company has a market cap of $862.96 million and a price-to-earnings ratio of -88.80.

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

Hedge Funds Weigh In On SS Innovations International

A number of institutional investors have recently added to or reduced their stakes in SSII. Handelsbanken Fonder AB grew its stake in shares of SS Innovations International by 9.3% during the fourth quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock valued at $682,000 after acquiring an additional 10,198 shares in the last quarter. JNBA Financial Advisors acquired a new position in shares of SS Innovations International in the fourth quarter worth about $498,000. Inspire Investing LLC lifted its stake in shares of SS Innovations International by 124.4% in the fourth quarter. Inspire Investing LLC now owns 82,773 shares of the company’s stock worth $470,000 after acquiring an additional 45,886 shares in the last quarter. Eversept Partners LP purchased a new position in SS Innovations International in the fourth quarter valued at about $428,000. Finally, AlphaCentric Advisors LLC purchased a new position in SS Innovations International in the fourth quarter valued at about $284,000.

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.