SS Innovations International (NASDAQ:SSII) Shares Gap Up – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $5.78, but opened at $6.48. SS Innovations International shares last traded at $6.06, with a volume of 35,924 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

SS Innovations International Trading Up 4.0%

The company’s 50-day moving average is $7.16 and its 200-day moving average is $6.79. The firm has a market cap of $1.16 billion and a price-to-earnings ratio of -120.20.

SS Innovations International (NASDAQ:SSII) last issued its earnings results on Tuesday, October 28th. The company reported ($0.02) EPS for the quarter. The business had revenue of $12.83 million for the quarter. SS Innovations International had a negative return on equity of 34.13% and a negative net margin of 32.10%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. PNC Financial Services Group Inc. bought a new stake in shares of SS Innovations International in the 3rd quarter valued at $56,000. Envestnet Asset Management Inc. acquired a new position in SS Innovations International in the third quarter valued at $71,000. AlTi Global Inc. bought a new stake in SS Innovations International during the second quarter valued at $121,000. Geode Capital Management LLC acquired a new stake in SS Innovations International during the 2nd quarter worth about $122,000. Finally, Inspire Investing LLC bought a new position in shares of SS Innovations International in the 3rd quarter worth about $240,000.

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.