SS Innovations International (NASDAQ:SSII) Announces Quarterly Earnings Results

SS Innovations International (NASDAQ:SSIIGet Free Report) announced its quarterly earnings results on Thursday. The company reported ($0.01) earnings per share for the quarter, FiscalAI reports. The business had revenue of $13.94 million for the quarter. SS Innovations International had a negative net margin of 23.73% and a negative return on equity of 28.17%.

SS Innovations International Trading Up 1.6%

SSII traded up $0.06 on Friday, reaching $3.89. The company had a trading volume of 21,170 shares, compared to its average volume of 71,836. The company has a market capitalization of $778.51 million, a P/E ratio of -64.83 and a beta of -1.92. The company has a fifty day moving average of $3.66 and a 200-day moving average of $4.14. SS Innovations International has a one year low of $3.11 and a one year high of $10.00.

Wall Street Analysts Forecast Growth

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

Get Our Latest Research Report on SS Innovations International

Institutional Trading of SS Innovations International

Institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB grew its position in SS Innovations International by 9.3% in the fourth quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock worth $682,000 after buying an additional 10,198 shares during the last quarter. Eversept Partners LP lifted its position in shares of SS Innovations International by 46.2% during the 1st quarter. Eversept Partners LP now owns 110,157 shares of the company’s stock valued at $551,000 after acquiring an additional 34,799 shares during the last quarter. Inspire Investing LLC lifted its position in shares of SS Innovations International by 26.4% during the 1st quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock valued at $523,000 after acquiring an additional 21,851 shares during the last quarter. JNBA Financial Advisors bought a new stake in shares of SS Innovations International during the 4th quarter worth $498,000. Finally, AlphaCentric Advisors LLC bought a new stake in shares of SS Innovations International during the 4th quarter worth $284,000.

SS Innovations International Company Profile

(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.

See Also

Earnings History for SS Innovations International (NASDAQ:SSII)

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