SS Innovations International (NASDAQ:SSII) Shares Gap Up – Time to Buy?

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $5.18, but opened at $5.50. SS Innovations International shares last traded at $5.56, with a volume of 6,344 shares traded.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

SS Innovations International Price Performance

The firm has a market cap of $1.10 billion and a P/E ratio of -113.60. The company’s 50-day moving average is $6.46 and its two-hundred day moving average is $6.54.

SS Innovations International (NASDAQ:SSII) last issued its earnings results on Tuesday, October 28th. The company reported ($0.02) EPS for the quarter. SS Innovations International had a negative net margin of 32.10% and a negative return on equity of 34.13%. The firm had revenue of $12.83 million during the quarter.

Institutional Investors Weigh In On SS Innovations International

Large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. acquired a new position in shares of SS Innovations International during the 3rd quarter worth $56,000. Envestnet Asset Management Inc. bought a new position in SS Innovations International in the third quarter valued at about $71,000. AlTi Global Inc. acquired a new position in SS Innovations International during the second quarter worth about $121,000. Geode Capital Management LLC acquired a new position in SS Innovations International during the second quarter worth about $122,000. Finally, Inspire Investing LLC bought a new position in shares of SS Innovations International in the third quarter worth about $240,000.

SS Innovations International Company Profile

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.