SS Innovations International, Inc. (NASDAQ:SSII – Get Free Report) rose 3.6% during mid-day trading on Thursday . The stock traded as high as $3.24 and last traded at $3.3350. Approximately 1,872 shares were traded during trading, a decline of 97% from the average daily volume of 69,717 shares. The stock had previously closed at $3.22.
Analysts Set New Price Targets
A number of equities research analysts have commented on the stock. Loop Capital set a $7.00 target price on shares of SS Innovations International in a research note on Wednesday, June 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a report on Friday, July 17th. Finally, Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell” and an average target price of $7.00.
Check Out Our Latest Analysis on SS Innovations International
SS Innovations International Stock Performance
SS Innovations International (NASDAQ:SSII – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. SS Innovations International had a negative net margin of 23.73% and a negative return on equity of 26.77%. The company had revenue of $13.94 million for the quarter.
Insider Transactions at SS Innovations International
In other SS Innovations International news, CEO Srivastava Sudhir sold 33,333 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $3.00, for a total transaction of $99,999.00. Following the transaction, the chief executive officer owned 108,520,928 shares of the company’s stock, valued at approximately $325,562,784. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of SS Innovations International during the 4th quarter worth approximately $63,000. IFC & Insurance Marketing Inc. acquired a new stake in SS Innovations International during the 4th quarter worth about $64,000. AlphaCentric Advisors LLC acquired a new position in shares of SS Innovations International in the fourth quarter valued at about $284,000. Goldman Sachs Group Inc. acquired a new stake in shares of SS Innovations International during the fourth quarter worth about $68,000. Finally, PNC Financial Services Group Inc. boosted its position in SS Innovations International by 58.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company’s stock valued at $77,000 after buying an additional 5,000 shares during the last quarter.
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.
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