SS Innovations International (NASDAQ:SSII) Trading Down 3.6% – Here’s What Happened

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price was down 3.6% on Friday . The stock traded as low as $3.45 and last traded at $3.48. Approximately 10,243 shares were traded during trading, a decline of 86% from the average session volume of 71,910 shares. The stock had previously closed at $3.61.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a report on Friday, July 17th. Finally, Loop Capital set a $7.00 price objective on shares of SS Innovations International in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has a consensus rating of “Sell” and a consensus target price of $7.00.

SS Innovations International Stock Down 1.7%

The stock has a market cap of $711.37 million, a P/E ratio of -59.17 and a beta of -1.92. The stock has a fifty day simple moving average of $3.68 and a 200-day simple moving average of $4.12.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in shares of SS Innovations International in the fourth quarter worth about $63,000. IFC & Insurance Marketing Inc. bought a new position in shares of SS Innovations International during the 4th quarter valued at about $64,000. AlphaCentric Advisors LLC acquired a new position in shares of SS Innovations International in the 4th quarter valued at approximately $284,000. Goldman Sachs Group Inc. acquired a new position in shares of SS Innovations International in the 4th quarter valued at approximately $68,000. Finally, PNC Financial Services Group Inc. grew its position in shares of SS Innovations International by 58.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company’s stock valued at $77,000 after purchasing an additional 5,000 shares during the period.

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.