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

SS Innovations International, Inc. (NASDAQ:SSIIGet Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $3.67, but opened at $3.55. SS Innovations International shares last traded at $3.74, with a volume of 11,826 shares.

Wall Street Analysts Forecast Growth

SSII has been the subject of a number of research reports. Loop Capital set a $7.00 target price on SS Innovations International in a report on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SS Innovations International currently has an average rating of “Sell” and an average price target of $7.00.

Get Our Latest Stock Report on SS Innovations International

SS Innovations International Stock Up 2.6%

The company has a market capitalization of $722.47 million, a PE ratio of -72.20 and a beta of -1.96. The firm has a 50-day moving average of $3.74 and a two-hundred day moving average of $4.40.

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

Institutional Trading of SS Innovations International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new position in shares of SS Innovations International in the third quarter worth about $56,000. Jane Street Group LLC acquired 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 4th quarter valued at about $64,000. Goldman Sachs Group Inc. purchased a new position in SS Innovations International during the fourth quarter worth approximately $68,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of SS Innovations International in 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.

See Also

Receive News & Ratings for SS Innovations International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SS Innovations International and related companies with MarketBeat.com's FREE daily email newsletter.