SS Innovations International (NASDAQ:SSII) Stock Price Up 8.8% – Time to Buy?

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price rose 8.8% during trading on Tuesday . The stock traded as high as $4.85 and last traded at $5.2350. Approximately 5,954 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 90,754 shares. The stock had previously closed at $4.81.

Wall Street Analyst Weigh In

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

SS Innovations International Stock Up 0.3%

The firm has a market cap of $966.11 million and a price-to-earnings ratio of -82.83. The stock’s 50 day moving average is $4.55 and its 200 day moving average is $5.84.

SS Innovations International (NASDAQ:SSII) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.01) EPS for the quarter. SS Innovations International had a negative net margin of 28.54% and a negative return on equity of 30.23%. The company had revenue of $14.53 million for the quarter.

Insider Activity at SS Innovations International

In related news, Director Frederic H. Moll acquired 501,253 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were acquired at an average price of $3.99 per share, for a total transaction of $1,999,999.47. Following the completion of the purchase, the director directly owned 10,775,485 shares of the company’s stock, valued at $42,994,185.15. The trade was a 4.88% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Srivastava Sudhir acquired 498,753 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average price of $4.01 per share, for a total transaction of $1,999,999.53. Following the purchase, the chief executive officer directly owned 109,851,767 shares of the company’s stock, valued at approximately $440,505,585.67. This trade represents a 0.46% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 1,300,006 shares of company stock worth $5,196,999 over the last quarter.

Institutional Trading of SS Innovations International

A number of large investors have recently added to or reduced their stakes in the business. Inspire Investing LLC boosted its holdings in SS Innovations International by 124.4% during the fourth quarter. Inspire Investing LLC now owns 82,773 shares of the company’s stock worth $470,000 after buying an additional 45,886 shares in the last quarter. Eversept Partners LP bought a new stake in SS Innovations International during the fourth quarter worth approximately $428,000. Vontobel Holding Ltd. bought a new stake in SS Innovations International during the fourth quarter worth approximately $116,000. Jane Street Group LLC bought a new stake in SS Innovations International during the fourth quarter worth approximately $63,000. Finally, IFC & Insurance Marketing Inc. bought a new stake in SS Innovations International during the fourth quarter worth approximately $64,000.

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.