SS Innovations International (NASDAQ:SSII) Shares Gap Up – Should You Buy?

SS Innovations International, Inc. (NASDAQ:SSIIGet Free Report) gapped up before the market opened on Friday . The stock had previously closed at $3.69, but opened at $3.89. SS Innovations International shares last traded at $3.92, with a volume of 619 shares trading hands.

Wall Street Analysts Forecast Growth

SSII has been the topic of several research reports. Wall Street Zen raised SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research report on Friday, July 17th. Finally, Loop Capital set a $7.00 price objective on SS Innovations International in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, SS Innovations International has an average rating of “Sell” and an average price target of $7.00.

View Our Latest Stock Report on SSII

SS Innovations International Price Performance

The business has a 50 day moving average price of $3.66 and a 200 day moving average price of $4.14. The stock has a market capitalization of $779.51 million, a PE ratio of -77.90 and a beta of -1.92.

SS Innovations International (NASDAQ:SSIIGet Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $13.94 million for the quarter. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. purchased a new stake in SS Innovations International in the third quarter worth approximately $56,000. Jane Street Group LLC purchased a new stake in shares of SS Innovations International during the 4th quarter valued at about $63,000. IFC & Insurance Marketing Inc. purchased a new position in shares of SS Innovations International in the fourth quarter worth approximately $64,000. Goldman Sachs Group Inc. bought a new stake in SS Innovations International during the fourth quarter valued at approximately $68,000. Finally, Envestnet Asset Management Inc. bought a new stake in SS Innovations International during the third quarter valued at approximately $71,000.

About SS Innovations International

(Get Free Report)

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.

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