SS Innovations International (NASDAQ:SSII) Stock Price Up 6.7% – Here’s What Happened

Shares of SS Innovations International, Inc. (NASDAQ:SSII) shot up 6.7% on Wednesday. The company traded as high as $2.68 and last traded at $2.72. 23,246 shares were traded during trading, a decline of 67% from the average session volume of 70,473 shares. The stock had previously closed at $2.55.

Analysts Set New Price Targets

Several brokerages recently issued reports on SSII. Wall Street Zen raised SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research report on Friday, July 17th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $7.00.

SS Innovations International Price Performance

The firm has a 50 day simple moving average of $3.28 and a 200-day simple moving average of $3.76. The stock has a market capitalization of $545.03 million, a price-to-earnings ratio of -45.33 and a beta of -1.79.

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

Insiders Place Their Bets

In other SS Innovations International news, CEO Srivastava Sudhir sold 33,333 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $325,562,784. This represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Institutional Investors Weigh In On SS Innovations International

Several institutional investors have recently modified their holdings of SSII. IFC & Insurance Marketing Inc. increased its holdings in SS Innovations International by 47.7% in the first quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock valued at $84,000 after purchasing an additional 5,400 shares during the last quarter. Inspire Investing LLC raised its position in shares of SS Innovations International by 26.4% during the first quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock worth $523,000 after purchasing an additional 21,851 shares during the period. Finally, Eversept Partners LP raised its position in shares of SS Innovations International by 46.2% during the first quarter. Eversept Partners LP now owns 110,157 shares of the company’s stock worth $551,000 after purchasing an additional 34,799 shares during the period.

About SS Innovations International

SS Innovations International Inc is a medical technology company focused on developing and commercializing robotic-assisted surgical systems. Its principal platform, the SSI MANTRA surgical robotic system, is designed to support minimally invasive procedures by providing surgeons with enhanced visualization, precision and instrument control.

The company also develops related surgical instruments, accessories and technologies intended for use across a range of specialties. Its products are aimed at hospitals and surgical teams seeking robotic assistance for procedures while supporting operating-room efficiency and improved patient care.

SS Innovations was founded by Dr.