SS Innovations International (NASDAQ:SSII) Shares Gap Up – Should You Buy?

Shares of SS Innovations International, Inc. (NASDAQ:SSII) gapped up prior to trading on Monday . The stock had previously closed at $3.29, but opened at $3.49. SS Innovations International shares last traded at $3.4810, with a volume of 4,663 shares.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Wall Street Zen cut shares of SS Innovations International from a “hold” rating to a “sell” rating in a research note on Saturday. Loop Capital set a $7.00 price objective on SS Innovations International in a research note on Wednesday, June 3rd. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell” and an average target price of $7.00.

SS Innovations International Price Performance

The firm has a market cap of $700.46 million, a price-to-earnings ratio of -70.00 and a beta of -1.89. The firm has a 50 day moving average price of $4.05 and a 200-day moving average price of $4.70.

SS Innovations International (NASDAQ:SSII) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.02) earnings per share for the quarter. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%. The business had revenue of $11.10 million during the quarter.

Institutional Trading of SS Innovations International

Several hedge funds and other institutional investors have recently modified their holdings of SSII. PNC Financial Services Group Inc. bought a new stake in SS Innovations International in the 3rd quarter valued at approximately $56,000. Jane Street Group LLC acquired a new position in SS Innovations International during the fourth quarter worth $63,000. IFC & Insurance Marketing Inc. bought a new position in SS Innovations International in the fourth quarter valued at $64,000. Goldman Sachs Group Inc. bought a new position in SS Innovations International in the fourth quarter valued at $68,000. Finally, Envestnet Asset Management Inc. bought a new stake in SS Innovations International during the 3rd quarter worth about $71,000.

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.