SS Innovations International, Inc. (NASDAQ:SSII – Get Free Report) rose 6.7% during trading on Wednesday. The stock traded as high as $2.68 and last traded at $2.72. 23,246 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 70,473 shares. The stock had previously closed at $2.55.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on SSII shares. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a report on Friday, July 17th. Wall Street Zen raised 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. Based on data from MarketBeat, SS Innovations International currently has a consensus rating of “Sell” and a consensus target price of $7.00.
Read Our Latest Report on SSII
SS Innovations International Price Performance
SS Innovations International (NASDAQ:SSII – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $13.94 million during the quarter. SS Innovations International had a negative net margin of 23.73% and a negative return on equity of 26.77%.
Insider Activity
In other news, CEO Srivastava Sudhir sold 33,333 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $3.00, for a total value of $99,999.00. Following the sale, the chief executive officer directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Hedge Funds Weigh In On SS Innovations International
Several large investors have recently made changes to their positions in the business. IFC & Insurance Marketing Inc. increased its position in SS Innovations International by 47.7% during the first quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock worth $84,000 after acquiring an additional 5,400 shares during the period. Inspire Investing LLC grew its position in SS Innovations International by 26.4% in the 1st quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock worth $523,000 after purchasing an additional 21,851 shares during the last quarter. Finally, Eversept Partners LP increased its holdings 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 worth $551,000 after purchasing an additional 34,799 shares during the period.
About SS Innovations International
SS Innovations International Inc is a medical technology company focused on developing and commercializing robotic-assisted surgical systems. Its principal platform, the SSI MANTRA surgical robotic system, is designed to support minimally invasive procedures by providing surgeons with enhanced visualization, precision and instrument control.
The company also develops related surgical instruments, accessories and technologies intended for use across a range of specialties. Its products are aimed at hospitals and surgical teams seeking robotic assistance for procedures while supporting operating-room efficiency and improved patient care.
SS Innovations was founded by Dr.
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