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

SS Innovations International, Inc. (NASDAQ:SSII) shares gapped down before the market opened on Wednesday . The stock had previously closed at $5.93, but opened at $5.57. SS Innovations International shares last traded at $5.56, with a volume of 18,750 shares trading hands.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SS Innovations International currently has a consensus rating of “Sell”.

SS Innovations International Price Performance

The business has a 50-day moving average of $6.03 and a 200 day moving average of $6.57. The company has a market cap of $1.09 billion and a PE ratio of -113.00.

SS Innovations International (NASDAQ:SSII) last announced its earnings results on Tuesday, January 13th. The company reported $0.04 earnings per share (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 and other institutional investors have recently added to or reduced their stakes in SSII. Handelsbanken Fonder AB purchased a new position in shares of SS Innovations International during the 3rd quarter worth $714,000. Forum Financial Management LP bought a new position in SS Innovations International in the 2nd quarter worth $344,000. Inspire Investing LLC bought a new position in SS Innovations International in the 3rd quarter worth $240,000. Geode Capital Management LLC purchased a new position in SS Innovations International during the second quarter valued at $122,000. Finally, AlTi Global Inc. bought a new stake in SS Innovations International during the second quarter valued at about $121,000.

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.