SS Innovations International (NASDAQ:SSII) Shares Up 7.3% – Here’s Why

Shares of SS Innovations International, Inc. (NASDAQ:SSII) were up 7.3% on Thursday . The company traded as high as $3.89 and last traded at $3.96. 16,811 shares traded hands during trading, a decline of 77% from the average daily volume of 73,263 shares. The stock had previously closed at $3.69.

Wall Street Analyst Weigh In

SSII has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a report on Friday, July 17th. Loop Capital set a $7.00 price target on shares of SS Innovations International in a research note on Wednesday, June 3rd. 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, the company presently has an average rating of “Sell” and a consensus price target of $7.00.

SS Innovations International Stock Performance

The business has a 50-day moving average of $3.66 and a 200-day moving average of $4.16. The stock has a market capitalization of $768.70 million, a price-to-earnings ratio of -77.00 and a beta of -1.92.

SS Innovations International (NASDAQ:SSII) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. SS Innovations International had a negative return on equity of 23.00% and a negative net margin of 20.69%.The firm had revenue of $13.94 million for the quarter.

Hedge Funds Weigh In On SS Innovations International

A number of institutional investors have recently modified their holdings of SSII. PNC Financial Services Group Inc. purchased a new stake in SS Innovations International in the 3rd quarter valued at $56,000. Jane Street Group LLC purchased a new position in SS Innovations International during the 4th quarter worth $63,000. IFC & Insurance Marketing Inc. purchased a new position in SS Innovations International during the 4th quarter worth $64,000. Goldman Sachs Group Inc. acquired a new position in SS Innovations International in the fourth quarter valued at $68,000. Finally, Envestnet Asset Management Inc. acquired a new position in SS Innovations International in the third quarter valued at $71,000.

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.