SS Innovations International (NASDAQ:SSII) Shares Gap Up – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII) gapped up prior to trading on Tuesday . The stock had previously closed at $3.53, but opened at $3.87. SS Innovations International shares last traded at $3.73, with a volume of 24,979 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SSII shares. Wall Street Zen raised SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday. Loop Capital set a $7.00 price target on shares of SS Innovations International in a report on Wednesday, June 3rd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell” and an average price target of $7.00.

SS Innovations International Trading Down 5.1%

The stock has a fifty day moving average of $3.86 and a two-hundred day moving average of $4.56. The company has a market capitalization of $788.51 million, a PE ratio of -78.80 and a beta of -1.96.

SS Innovations International (NASDAQ:SSII) last issued its earnings results on Wednesday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $11.10 million during the quarter. SS Innovations International had a negative return on equity of 23.00% and a negative net margin of 20.69%.

Hedge Funds Weigh In On SS Innovations International

Large investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB purchased a new stake in SS Innovations International during the third quarter valued at about $714,000. Vontobel Holding Ltd. purchased a new position in shares of SS Innovations International in the fourth quarter worth about $116,000. PNC Financial Services Group Inc. lifted its stake in shares of SS Innovations International by 58.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company’s stock valued at $77,000 after acquiring an additional 5,000 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of SS Innovations International in the 3rd quarter valued at about $71,000. Finally, Goldman Sachs Group Inc. purchased a new stake in SS Innovations International during the 4th quarter valued at about $68,000.

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.