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

SS Innovations International, Inc. (NASDAQ:SSII) shares gapped up before the market opened on Monday . The stock had previously closed at $3.29, but opened at $3.49. SS Innovations International shares last traded at $3.4810, with a volume of 4,663 shares.

Wall Street Analyst Weigh In

SSII has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research report on Tuesday, April 21st. Wall Street Zen lowered SS Innovations International from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Loop Capital set a $7.00 target price on shares of SS Innovations International in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell” and a consensus target price of $7.00.

SS Innovations International Stock Performance

The firm has a market cap of $700.46 million, a P/E ratio of -70.00 and a beta of -1.89. The firm has a fifty day moving average of $4.05 and a 200-day moving average of $4.70.

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

Hedge Funds Weigh In On SS Innovations International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in shares of SS Innovations International in the third quarter valued at approximately $56,000. Jane Street Group LLC bought a new position in SS Innovations International during the fourth quarter worth $63,000. IFC & Insurance Marketing Inc. bought a new position in SS Innovations International during the fourth quarter worth $64,000. Goldman Sachs Group Inc. acquired a new position in SS Innovations International during the 4th quarter valued at $68,000. Finally, Envestnet Asset Management Inc. acquired a new position in SS Innovations International during the 3rd quarter valued at $71,000.

SS Innovations International Company Profile

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.