SS Innovations International (NASDAQ:SSII) Stock Price Up 6.5% – Here’s What Happened

Shares of SS Innovations International, Inc. (NASDAQ:SSII) rose 6.5% during mid-day trading on Tuesday . The stock traded as high as $5.42 and last traded at $5.42. Approximately 34,073 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 108,952 shares. The stock had previously closed at $5.09.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

SS Innovations International Price Performance

The firm has a market cap of $1.06 billion and a P/E ratio of -109.80. The company’s 50-day simple moving average is $7.09 and its 200 day simple moving average is $6.49.

SS Innovations International (NASDAQ:SSII) last announced its earnings results on Tuesday, October 28th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $12.83 million for the quarter. SS Innovations International had a negative net margin of 32.10% and a negative return on equity of 34.13%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. bought a new position in shares of SS Innovations International during the third quarter valued at approximately $56,000. Envestnet Asset Management Inc. bought a new position in SS Innovations International in the 3rd quarter valued at $71,000. AlTi Global Inc. purchased a new stake in SS Innovations International in the second quarter worth $121,000. Geode Capital Management LLC bought a new stake in shares of SS Innovations International during the second quarter worth $122,000. Finally, Inspire Investing LLC purchased a new stake in shares of SS Innovations International during the third quarter valued at $240,000.

About SS Innovations International

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.