SS Innovations International (NASDAQ:SSII) Shares Gap Down – Should You Sell?

Shares of SS Innovations International, Inc. (NASDAQ:SSII) gapped down before the market opened on Wednesday . The stock had previously closed at $3.41, but opened at $3.25. SS Innovations International shares last traded at $3.33, with a volume of 4,902 shares traded.

Analyst Ratings Changes

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

SS Innovations International Stock Performance

The company has a 50 day moving average of $3.64 and a 200-day moving average of $4.05. The stock has a market cap of $661.25 million, a price-to-earnings ratio of -55.00 and a beta of -1.94.

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

Insider Activity at SS Innovations International

In related news, CEO Srivastava Sudhir sold 33,333 shares of SS Innovations International stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $3.00, for a total value of $99,999.00. Following the completion of the transaction, the chief executive officer owned 108,520,928 shares in the company, valued at approximately $325,562,784. The trade was a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Institutional Investors Weigh In On SS Innovations International

Several large investors have recently added to or reduced their stakes in the business. Handelsbanken Fonder AB boosted its position in SS Innovations International by 9.3% in 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. Eversept Partners LP grew its stake 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 in the last quarter. Inspire Investing LLC increased its position in shares of 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 acquiring an additional 21,851 shares during the period. AlphaCentric Advisors LLC purchased a new stake in shares of SS Innovations International during the fourth quarter worth $284,000. Finally, Geode Capital Management LLC acquired a new stake in shares of SS Innovations International in the second quarter valued at $122,000.

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.