SS Innovations International (NASDAQ:SSII) Sets New 1-Year Low – What’s Next?

Shares of SS Innovations International, Inc. (NASDAQ:SSII) hit a new 52-week low on Wednesday. The company traded as low as $3.11 and last traded at $3.10, with a volume of 64303 shares changing hands. The stock had previously closed at $3.30.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SSII. Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Loop Capital set a $7.00 target price on shares of SS Innovations International in a research report on Wednesday, June 3rd. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell” and an average price target of $7.00.

SS Innovations International Trading Down 2.3%

The company has a market capitalization of $609.16 million, a price-to-earnings ratio of -50.65 and a beta of -1.94. The company’s 50 day simple moving average is $3.55 and its 200-day simple moving average is $3.95.

SS Innovations International (NASDAQ:SSII) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. SS Innovations International had a negative net margin of 23.73% and a negative return on equity of 26.77%. The firm had revenue of $13.94 million during the quarter.

Insiders Place Their Bets

In other SS Innovations International news, CEO Srivastava Sudhir sold 33,333 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $3.00, for a total transaction of $99,999.00. Following the transaction, the chief executive officer owned 108,520,928 shares of the company’s stock, valued at $325,562,784. This represents a 0.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link.

Institutional Investors Weigh In On SS Innovations International

A number of hedge funds and other institutional investors have recently made changes to their positions in SSII. Eversept Partners LP boosted its position in shares of SS Innovations International by 46.2% in the first quarter. Eversept Partners LP now owns 110,157 shares of the company’s stock worth $551,000 after acquiring an additional 34,799 shares during the last quarter. Inspire Investing LLC raised its stake in SS Innovations International by 26.4% during the first quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock worth $523,000 after purchasing an additional 21,851 shares during the period. IFC & Insurance Marketing Inc. boosted its holdings in shares of SS Innovations International by 47.7% in the 1st quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock valued at $84,000 after purchasing an additional 5,400 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its stake in shares of SS Innovations International by 9.3% during the 4th quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock valued at $682,000 after buying an additional 10,198 shares during the period.

About SS Innovations International

SS Innovations International, Inc is a medical technology company focused on developing, manufacturing and commercializing robotic-assisted surgical systems. Through its operating business in India, the company offers the SSi Mantra robotic surgery platform, which is designed to support minimally invasive procedures across multiple surgical specialties.

The company’s product portfolio includes the SSi Mantra system, robotic instruments and related accessories, as well as surgical training, installation, maintenance and support services.