Insider Selling: SS Innovations International (NASDAQ:SSII) CEO Sells 33,333 Shares

SS Innovations International, Inc. (NASDAQ:SSII) CEO Srivastava Sudhir sold 33,333 shares of the stock in a transaction dated Friday, September 4th. The shares were sold at an average price of $3.00, for a total transaction of $99,999.00. Following the completion of the transaction, the chief executive officer owned 108,520,928 shares of the company’s stock, valued at $325,562,784. This represents a 0.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

SS Innovations International Trading Down 1.5%

Shares of NASDAQ:SSII opened at $3.22 on Thursday. The company has a 50 day moving average of $3.65 and a 200-day moving average of $4.06. The firm has a market cap of $645.22 million, a P/E ratio of -53.67 and a beta of -1.94. SS Innovations International, Inc. has a twelve month low of $3.11 and a twelve month high of $10.00.

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

Analyst Upgrades and Downgrades

A number of research firms recently commented on SSII. Loop Capital set a $7.00 price objective on shares of SS Innovations International in a research note on Wednesday, June 3rd. Wall Street Zen raised SS Innovations International from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a research note on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, SS Innovations International currently has an average rating of “Sell” and an average price target of $7.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. purchased a new stake in shares of SS Innovations International during the 3rd quarter worth about $56,000. Jane Street Group LLC bought a new stake in shares of SS Innovations International in the 4th quarter valued at approximately $63,000. IFC & Insurance Marketing Inc. acquired a new position in SS Innovations International in the fourth quarter worth approximately $64,000. Goldman Sachs Group Inc. bought a new position in SS Innovations International during the fourth quarter valued at approximately $68,000. Finally, Envestnet Asset Management Inc. bought a new position in SS Innovations International during the third quarter valued at approximately $71,000.

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.