SS Innovations International (NASDAQ:SSII) Trading Up 6.8% – Still a Buy?

SS Innovations International, Inc. (NASDAQ:SSII) shares shot up 6.8% on Tuesday . The company traded as high as $3.82 and last traded at $3.77. 25,413 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 75,990 shares. The stock had previously closed at $3.53.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SSII shares. Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Tuesday, April 21st. Wall Street Zen raised SS Innovations International from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Loop Capital set a $7.00 price objective on SS Innovations International in a research report on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SS Innovations International presently has a consensus rating of “Sell” and an average price target of $7.00.

SS Innovations International Trading Up 4.4%

The stock’s 50 day moving average is $4.29 and its 200 day moving average is $4.87. The stock has a market capitalization of $737.48 million, a price-to-earnings ratio of -73.70 and a beta of -1.89.

SS Innovations International (NASDAQ:SSII) last announced its earnings results 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 return on equity of 23.00% and a negative net margin of 20.69%.

Institutional Investors Weigh In On SS Innovations International

A number of large investors have recently bought and sold shares of SSII. Eversept Partners LP increased its position in 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 buying an additional 34,799 shares in the last quarter. Inspire Investing LLC boosted its stake 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 valued at $523,000 after acquiring an additional 21,851 shares during the last quarter. IFC & Insurance Marketing Inc. boosted its stake in shares of SS Innovations International by 47.7% during the first quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock valued at $84,000 after acquiring an additional 5,400 shares during the last quarter. Vontobel Holding Ltd. purchased a new stake in SS Innovations International during the 4th quarter worth about $116,000. Finally, Jane Street Group LLC purchased a new stake in SS Innovations International during the 4th quarter worth about $63,000.

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.