SS Innovations International (NASDAQ:SSII) Trading Down 6.8% – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price traded down 6.8% on Friday . The company traded as low as $4.54 and last traded at $4.6210. 74,351 shares traded hands during mid-day trading, a decline of 28% from the average session volume of 103,491 shares. The stock had previously closed at $4.96.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Thursday, January 22nd. One investment 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 price is $4.79 and its 200-day moving average price is $6.04. The firm has a market cap of $925.93 million and a price-to-earnings ratio of -79.12.

SS Innovations International (NASDAQ:SSII) last posted its quarterly earnings data on Tuesday, March 10th. The company reported ($0.01) EPS for the quarter. SS Innovations International had a negative return on equity of 30.23% and a negative net margin of 28.54%.The firm had revenue of $14.53 million during the quarter.

Insider Transactions at SS Innovations International

In other SS Innovations International news, Director Timothy P. Adams bought 300,000 shares of the stock in a transaction on Friday, March 6th. The shares were bought at an average price of $3.99 per share, with a total value of $1,197,000.00. Following the purchase, the director directly owned 5,331,902 shares in the company, valued at $21,274,288.98. The trade was a 5.96% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Frederic H. Moll acquired 501,253 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were bought at an average cost of $3.99 per share, for a total transaction of $1,999,999.47. Following the completion of the transaction, the director directly owned 10,775,485 shares of the company’s stock, valued at $42,994,185.15. This represents a 4.88% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 1,300,006 shares of company stock valued at $5,196,999 over the last quarter.

Institutional Trading of SS Innovations International

Hedge funds and other institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB purchased a new position in SS Innovations International in the third quarter valued at about $714,000. Inspire Investing LLC purchased a new stake in shares of SS Innovations International during the 3rd quarter worth about $240,000. AlphaCentric Advisors LLC purchased a new stake in shares of SS Innovations International during the 4th quarter worth about $284,000. Geode Capital Management LLC acquired a new stake in shares of SS Innovations International during the 2nd quarter valued at about $122,000. Finally, Vontobel Holding Ltd. acquired a new stake in shares of SS Innovations International during the 4th quarter valued at about $116,000.

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.