SS Innovations International (NASDAQ:SSII) Shares Gap Down – Here’s Why

SS Innovations International, Inc. (NASDAQ:SSII) shares gapped down before the market opened on Tuesday . The stock had previously closed at $3.75, but opened at $3.61. SS Innovations International shares last traded at $3.6850, with a volume of 13,747 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Loop Capital set a $7.00 price objective on SS Innovations International in a research report on Wednesday, June 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research note on Friday. Finally, Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell” and a consensus price target of $7.00.

SS Innovations International Stock Performance

The company has a market capitalization of $729.87 million, a PE ratio of -72.94 and a beta of -1.96. The stock has a fifty day moving average of $3.73 and a 200 day moving average of $4.38.

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

Institutional Trading of SS Innovations International

A number of institutional investors and hedge funds have recently bought and sold shares of SSII. PNC Financial Services Group Inc. purchased a new stake in SS Innovations International in the 3rd quarter worth $56,000. Jane Street Group LLC purchased a new position in shares of SS Innovations International during the fourth quarter valued at about $63,000. IFC & Insurance Marketing Inc. purchased a new position in shares of SS Innovations International during the fourth quarter valued at about $64,000. Goldman Sachs Group Inc. purchased a new position in shares of SS Innovations International during the fourth quarter valued at about $68,000. Finally, Envestnet Asset Management Inc. bought a new stake in shares of SS Innovations International in the third quarter worth about $71,000.

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.