SS Innovations International (NASDAQ:SSII) Shares Up 7.2% – Here’s What Happened

Shares of SS Innovations International, Inc. (NASDAQ:SSII) were up 7.2% on Friday . The company traded as high as $4.54 and last traded at $4.49. Approximately 72,328 shares traded hands during mid-day trading, a decline of 13% from the average daily volume of 82,927 shares. The stock had previously closed at $4.19.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SS Innovations International has an average rating of “Sell”.

SS Innovations International Price Performance

The stock’s fifty day moving average is $5.70 and its 200-day moving average is $6.56. The stock has a market capitalization of $869.35 million and a PE ratio of -89.80.

SS Innovations International (NASDAQ:SSII) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $0.04 earnings per share for the quarter. SS Innovations International had a negative return on equity of 34.13% and a negative net margin of 32.10%.

Hedge Funds Weigh In On SS Innovations International

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

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.