SS Innovations International (NASDAQ:SSII) Hits New 12-Month Low – Here’s What Happened

SS Innovations International, Inc. (NASDAQ:SSII) reached a new 52-week low on Monday. The company traded as low as $2.31 and last traded at $2.45, with a volume of 100,263 shares. The stock had previously closed at $2.53.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SSII shares. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research note on Thursday, October 15th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock presently has a consensus rating of “Sell” and an average price target of $7.00.

SS Innovations International Stock Performance

The stock has a 50 day moving average price of $3.17 and a 200 day moving average price of $3.67.

SS Innovations International (NASDAQ:SSII) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. SS Innovations International had a negative return on equity of 26.77% and a negative net margin of 23.73%. The firm had revenue of $13.94 million for the quarter.

Insider Buying and Selling

In related news, CEO Srivastava Sudhir sold 33,333 shares of SS Innovations International stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $3.00, for a total transaction of $99,999.00. Following the sale, the chief executive officer directly owned 108,520,928 shares in the company, valued at $325,562,784. This trade represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Hedge Funds Weigh In On SS Innovations International

Large investors have recently modified their holdings of the business. Eversept Partners LP grew its stake in shares of SS Innovations International by 46.2% in the first 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 last quarter. Inspire Investing LLC increased its holdings in SS Innovations International by 26.4% in the first quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock valued at $523,000 after purchasing an additional 21,851 shares during the period. Finally, IFC & Insurance Marketing Inc. increased its holdings 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 valued at $84,000 after purchasing an additional 5,400 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.