SS Innovations International (NASDAQ:SSII) Shares Down 5.7% – Should You Sell?

SS Innovations International, Inc. (NASDAQ:SSII) dropped 5.7% during trading on Friday . The stock traded as low as $6.81 and last traded at $6.81. Approximately 47,136 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 108,466 shares. The stock had previously closed at $7.22.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SS Innovations International has a consensus rating of “Sell”.

SS Innovations International Price Performance

The business’s 50 day simple moving average is $6.50.

Institutional Trading of SS Innovations International

A number of hedge funds and other institutional investors have recently modified their holdings of SSII. Forum Financial Management LP acquired a new stake in shares of SS Innovations International in the 2nd quarter worth $344,000. AlTi Global Inc. acquired a new stake in shares of SS Innovations International in the 2nd quarter worth $121,000. Finally, Geode Capital Management LLC acquired a new stake in shares of SS Innovations International in the 2nd quarter worth $122,000.

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.