SS Innovations International (NASDAQ:SSII) Shares Gap Down – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII) shares gapped down prior to trading on Monday . The stock had previously closed at $4.23, but opened at $4.00. SS Innovations International shares last traded at $3.80, with a volume of 108,036 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, SS Innovations International currently has an average rating of “Sell”.

SS Innovations International Stock Performance

The stock’s 50 day moving average price is $5.53 and its 200-day moving average price is $6.48.

SS Innovations International (NASDAQ:SSII) last announced its earnings results on Tuesday, January 13th. The company reported $0.04 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%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. AlTi Global Inc. purchased a new stake in shares of SS Innovations International during the 2nd quarter worth approximately $121,000. Forum Financial Management LP purchased a new position in shares of SS Innovations International during the 2nd quarter worth approximately $344,000. Envestnet Asset Management Inc. purchased a new position in SS Innovations International during the third quarter worth $71,000. Geode Capital Management LLC purchased a new position in SS Innovations International in the 2nd quarter valued at about $122,000. Finally, JNBA Financial Advisors purchased a new stake in SS Innovations International in the 4th quarter worth approximately $498,000.

About SS Innovations International

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.