SS Innovations International (NASDAQ:SSII) Sees Large Volume Increase – Here’s What Happened

SS Innovations International, Inc. (NASDAQ:SSII) saw unusually-strong trading volume on Monday . Approximately 225,438 shares traded hands during trading, an increase of 200% from the previous session’s volume of 75,171 shares.The stock last traded at $3.9510 and had previously closed at $3.47.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a research note on Friday, July 17th. Wall Street Zen upgraded SS Innovations International from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Finally, Loop Capital set a $7.00 target price on SS Innovations International in a research report on Wednesday, June 3rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SS Innovations International has an average rating of “Sell” and a consensus target price of $7.00.

SS Innovations International Price Performance

The firm has a market cap of $795.52 million, a price-to-earnings ratio of -79.50 and a beta of -1.96. The firm’s fifty day moving average is $3.69 and its two-hundred day moving average is $4.32.

SS Innovations International (NASDAQ:SSII) last posted its quarterly earnings data 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 company had revenue of $11.10 million for the quarter.

Institutional Trading of SS Innovations International

Institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. bought a new position in SS Innovations International during the third quarter valued at about $56,000. Envestnet Asset Management Inc. bought a new stake in SS Innovations International in the third quarter worth about $71,000. Jane Street Group LLC acquired a new stake in SS Innovations International in the 4th quarter valued at about $63,000. IFC & Insurance Marketing Inc. acquired a new stake in SS Innovations International in the 4th quarter valued at about $64,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of SS Innovations International during the 4th quarter valued at about $68,000.

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.