SS Innovations International (NASDAQ:SSII) Shares Gap Up – Still a Buy?

Shares of SS Innovations International, Inc. (NASDAQ:SSII) gapped up prior to trading on Friday . The stock had previously closed at $4.61, but opened at $4.83. SS Innovations International shares last traded at $4.76, with a volume of 3,009 shares trading hands.

Wall Street Analysts Forecast Growth

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

SS Innovations International Trading Down 2.8%

The stock has a market cap of $930.97 million and a PE ratio of -95.80. The firm has a fifty 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 quarterly earnings data on Tuesday, January 13th. The company reported $0.04 EPS for the quarter. SS Innovations International had a negative return on equity of 34.13% and a negative net margin of 32.10%.

Institutional Trading of SS Innovations International

A number of hedge funds have recently made changes to their positions in SSII. PNC Financial Services Group Inc. purchased a new position in SS Innovations International in the third quarter worth $56,000. Jane Street Group LLC bought a new stake in SS Innovations International during the fourth quarter worth about $63,000. IFC & Insurance Marketing Inc. purchased a new position in shares of SS Innovations International in the 4th quarter worth about $64,000. Goldman Sachs Group Inc. bought a new position in shares of SS Innovations International during the 4th quarter valued at about $68,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of SS Innovations International during the 3rd quarter valued at 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.