SS Innovations International (NASDAQ:SSII) Shares Gap Down – Time to Sell?

SS Innovations International, Inc. (NASDAQ:SSII) gapped down before the market opened on Tuesday . The stock had previously closed at $5.65, but opened at $5.41. SS Innovations International shares last traded at $5.52, with a volume of 4,174 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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 stock presently has a consensus rating of “Sell”.

SS Innovations International Stock Performance

The company’s 50 day simple moving average is $6.33 and its 200-day simple moving average is $6.59. The firm has a market capitalization of $1.05 billion and a PE ratio of -108.00.

SS Innovations International (NASDAQ:SSII) last released its quarterly earnings results on Tuesday, October 28th. The company reported ($0.02) 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%.The firm had revenue of $12.83 million during the quarter.

Institutional Trading of SS Innovations International

A number of hedge funds have recently bought and sold shares of the company. Handelsbanken Fonder AB bought a new position in shares of SS Innovations International during the 3rd quarter valued at $714,000. PNC Financial Services Group Inc. purchased a new position in shares of SS Innovations International in the third quarter worth about $56,000. Envestnet Asset Management Inc. purchased a new stake in SS Innovations International during the 3rd quarter valued at about $71,000. Inspire Investing LLC bought a new position in SS Innovations International during the 3rd quarter worth approximately $240,000. Finally, Geode Capital Management LLC purchased a new position in SS Innovations International in the 2nd quarter worth approximately $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. AVRA Medical Robotics, Inc was founded in 2015 and is based in Orlando, Florida.