SS Innovations International (NASDAQ:SSII) Director Acquires $1,999,999.47 in Stock

SS Innovations International, Inc. (NASDAQ:SSII) Director Frederic Moll bought 501,253 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $3.99 per share, with a total value of $1,999,999.47. Following the transaction, the director directly owned 10,775,485 shares in the company, valued at $42,994,185.15. This represents a 4.88% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

SS Innovations International Trading Up 2.3%

SS Innovations International stock opened at $4.96 on Friday. SS Innovations International, Inc. has a 52 week low of $3.02 and a 52 week high of $22.42. The stock has a market cap of $964.03 million and a price-to-earnings ratio of -82.67. The company’s 50-day moving average price is $4.79 and its two-hundred day moving average price is $6.04.

SS Innovations International (NASDAQ:SSII) last released its quarterly earnings results on Tuesday, March 10th. The company reported ($0.01) EPS for the quarter. The company had revenue of $14.53 million for the quarter. SS Innovations International had a negative return on equity of 30.23% and a negative net margin of 28.54%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SS Innovations International presently has a consensus rating of “Sell”.

Institutional Investors Weigh In On SS Innovations International

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted 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 acquiring an additional 5,000 shares in the last quarter. Handelsbanken Fonder AB grew its position in SS Innovations International by 9.3% during the 4th quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock worth $682,000 after purchasing an additional 10,198 shares in the last quarter. Envestnet Asset Management Inc. acquired a new stake in SS Innovations International during the 3rd quarter valued at $71,000. Jane Street Group LLC acquired a new stake in SS Innovations International during the 4th quarter valued at $63,000. Finally, IFC & Insurance Marketing Inc. purchased a new stake in shares of SS Innovations International in the fourth quarter valued at $64,000.

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.