SS Innovations International (NASDAQ:SSII) Trading 3.6% Higher – Time to Buy?

SS Innovations International, Inc. (NASDAQ:SSII) shot up 3.6% on Thursday . The company traded as high as $3.24 and last traded at $3.3350. 1,872 shares traded hands during trading, a decline of 97% from the average session volume of 69,717 shares. The stock had previously closed at $3.22.

Wall Street Analysts Forecast Growth

SSII has been the topic of a number of analyst reports. Wall Street Zen upgraded SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Loop Capital set a $7.00 price target on shares of SS Innovations International in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell” and a consensus target price of $7.00.

SS Innovations International Stock Performance

The business’s 50 day moving average price is $3.65 and its 200-day moving average price is $4.06. The firm has a market capitalization of $664.86 million, a PE ratio of -55.33 and a beta of -1.94.

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

Insiders Place Their Bets

In other SS Innovations International news, CEO Srivastava Sudhir sold 33,333 shares of the stock in a transaction that occurred on Friday, September 4th. The shares were sold at an average price of $3.00, for a total transaction of $99,999.00. Following the sale, the chief executive officer directly owned 108,520,928 shares in the company, valued at $325,562,784. This represents a 0.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On SS Innovations International

A number of institutional investors and hedge funds have recently made changes to their positions in SSII. PNC Financial Services Group Inc. purchased a new stake in shares of SS Innovations International in the 3rd quarter valued at approximately $56,000. Jane Street Group LLC acquired a new stake in shares of SS Innovations International in the 4th quarter valued at about $63,000. IFC & Insurance Marketing Inc. purchased a new position in shares of SS Innovations International during the fourth quarter worth approximately $64,000. Goldman Sachs Group Inc. acquired a new position in SS Innovations International in the fourth quarter valued at $68,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of SS Innovations International during the third quarter worth about $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.