SS Innovations International (NASDAQ:SSII) Stock Price Down 6% – Here’s What Happened

Shares of SS Innovations International, Inc. (NASDAQ:SSII) fell 6% during trading on Friday . The stock traded as low as $3.33 and last traded at $3.4010. Approximately 15,414 shares changed hands during trading, a decline of 79% from the average session volume of 73,248 shares. The stock had previously closed at $3.62.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of SS Innovations International from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a research note on Tuesday, April 21st. Finally, Loop Capital set a $7.00 price target on SS Innovations International in a research report on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $7.00.

SS Innovations International Price Performance

The firm has a market cap of $675.44 million, a price-to-earnings ratio of -67.48 and a beta of -1.88. The company’s 50 day simple moving average is $3.96 and its 200 day simple moving average is $4.62.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Eversept Partners LP increased its stake in shares of SS Innovations International by 46.2% during the first quarter. Eversept Partners LP now owns 110,157 shares of the company’s stock worth $551,000 after acquiring an additional 34,799 shares during the period. Inspire Investing LLC grew its holdings in SS Innovations International by 26.4% during 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 during the period. IFC & Insurance Marketing Inc. raised its position in SS Innovations International by 47.7% in 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 in the last quarter. Vontobel Holding Ltd. purchased a new position in SS Innovations International in the fourth quarter worth $116,000. Finally, Jane Street Group LLC acquired a new stake in SS Innovations International in the fourth quarter valued at $63,000.

SS Innovations International Company Profile

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.