SS Innovations International (NASDAQ:SSII) Shares Gap Up – Here’s What Happened

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price gapped up prior to trading on Tuesday . The stock had previously closed at $3.53, but opened at $3.87. SS Innovations International shares last traded at $3.73, with a volume of 24,979 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently commented on SSII. Wall Street Zen upgraded SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a report on Tuesday, April 21st. Finally, Loop Capital set a $7.00 price target on SS Innovations International in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell” and a consensus price target of $7.00.

SS Innovations International Price Performance

The stock has a market capitalization of $746.49 million, a PE ratio of -74.60 and a beta of -1.89. The firm has a fifty day moving average price of $3.90 and a two-hundred day moving average price of $4.58.

SS Innovations International (NASDAQ:SSII) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.02) earnings per share (EPS) for the quarter. The business had revenue of $11.10 million for the quarter. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%.

Institutional Trading of SS Innovations International

A number of large investors have recently made changes to their positions in SSII. Handelsbanken Fonder AB grew its holdings in shares of SS Innovations International by 9.3% in the fourth quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock worth $682,000 after purchasing an additional 10,198 shares during the last quarter. Eversept Partners LP lifted its holdings in SS Innovations International by 46.2% during the 1st quarter. Eversept Partners LP now owns 110,157 shares of the company’s stock valued at $551,000 after buying an additional 34,799 shares in the last quarter. Inspire Investing LLC lifted its holdings in SS Innovations International by 26.4% during the 1st quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock valued at $523,000 after buying an additional 21,851 shares in the last quarter. JNBA Financial Advisors purchased a new stake in SS Innovations International in the 4th quarter valued at about $498,000. Finally, AlphaCentric Advisors LLC purchased a new stake in SS Innovations International in the 4th quarter valued at about $284,000.

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.