SS Innovations International (NASDAQ:SSII) Shares Gap Up – Time to Buy?

SS Innovations International, Inc. (NASDAQ:SSIIGet Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $3.53, but opened at $3.87. SS Innovations International shares last traded at $3.73, with a volume of 24,979 shares changing hands.

Analyst Ratings Changes

A number of equities analysts recently weighed in on SSII shares. Loop Capital set a $7.00 target price on shares of SS Innovations International in a research report on Wednesday, June 3rd. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell” and a consensus price target of $7.00.

Read Our Latest Analysis on SS Innovations International

SS Innovations International Trading Up 5.7%

The firm has a market cap of $746.49 million, a P/E ratio of -74.60 and a beta of -1.89. The stock has a 50 day simple moving average of $3.90 and a 200-day simple moving average of $4.58.

SS Innovations International (NASDAQ:SSIIGet Free Report) last posted its earnings results on Wednesday, May 13th. The company reported ($0.02) EPS for the quarter. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%. The firm had revenue of $11.10 million for the quarter.

Hedge Funds Weigh In On SS Innovations International

A number of institutional investors and hedge funds have recently made changes to their positions in SSII. Handelsbanken Fonder AB raised its position in shares of SS Innovations International by 9.3% during the 4th quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock valued at $682,000 after buying an additional 10,198 shares in the last quarter. Eversept Partners LP lifted its holdings in shares of SS Innovations International by 46.2% in 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 grew its position in SS Innovations International by 26.4% in the first quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock worth $523,000 after acquiring an additional 21,851 shares in the last quarter. JNBA Financial Advisors purchased a new position in SS Innovations International in the fourth quarter worth about $498,000. Finally, AlphaCentric Advisors LLC bought a new stake in SS Innovations International during the fourth quarter worth approximately $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.

Further Reading

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