SS Innovations International (NASDAQ:SSII) Shares Up 10% – Should You Buy?

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price traded up 10% during mid-day trading on Friday . The company traded as high as $5.70 and last traded at $5.70. 3,767 shares traded hands during mid-day trading, a decline of 96% from the average session volume of 107,258 shares. The stock had previously closed at $5.18.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, SS Innovations International presently has an average rating of “Sell”.

SS Innovations International Price Performance

The business’s 50-day simple moving average is $6.46 and its two-hundred day simple moving average is $6.54. The stock has a market cap of $1.08 billion and a price-to-earnings ratio of -111.20.

SS Innovations International (NASDAQ:SSII) last announced its quarterly earnings results on Tuesday, October 28th. The company reported ($0.02) EPS for the quarter. SS Innovations International had a negative net margin of 32.10% and a negative return on equity of 34.13%. The firm had revenue of $12.83 million during the quarter.

Institutional Trading of SS Innovations International

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. acquired a new stake in SS Innovations International during the 3rd quarter worth about $56,000. Envestnet Asset Management Inc. acquired a new position in shares of SS Innovations International in the 3rd quarter valued at about $71,000. AlTi Global Inc. bought a new stake in shares of SS Innovations International during the 2nd quarter valued at about $121,000. Geode Capital Management LLC acquired a new stake in SS Innovations International during the second quarter worth approximately $122,000. Finally, Inspire Investing LLC acquired a new stake in SS Innovations International during the third quarter worth approximately $240,000.

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.