SS Innovations International (NASDAQ:SSII) Reaches New 1-Year Low – Here’s What Happened

SS Innovations International, Inc. (NASDAQ:SSII) reached a new 52-week low on Tuesday. The stock traded as low as $2.87 and last traded at $2.89, with a volume of 29244 shares trading hands. The stock had previously closed at $2.95.

Analyst Upgrades and Downgrades

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

SS Innovations International Trading Up 3.1%

The firm has a market capitalization of $597.13 million, a PE ratio of -49.67 and a beta of -1.94. The stock’s 50 day moving average price is $3.49 and its two-hundred day moving average price is $3.89.

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

Insider Activity

In other news, CEO Srivastava Sudhir sold 33,333 shares of the company’s stock in a transaction on Friday, September 4th. The stock was sold at an average price of $3.00, for a total value 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Institutional Trading of SS Innovations International

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eversept Partners LP raised its stake in SS Innovations International by 46.2% in the 1st quarter. Eversept Partners LP now owns 110,157 shares of the company’s stock valued at $551,000 after purchasing an additional 34,799 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of SS Innovations International by 26.4% during the 1st 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 last quarter. Finally, IFC & Insurance Marketing Inc. grew its holdings 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 worth $84,000 after buying an additional 5,400 shares in the last quarter.

SS Innovations International Company Profile

SS Innovations International, Inc is a medical technology company focused on developing, manufacturing and commercializing robotic-assisted surgical systems. Through its operating business in India, the company offers the SSi Mantra robotic surgery platform, which is designed to support minimally invasive procedures across multiple surgical specialties.

The company’s product portfolio includes the SSi Mantra system, robotic instruments and related accessories, as well as surgical training, installation, maintenance and support services.