SS Innovations International (NASDAQ:SSII) Shares Gap Up – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII) gapped up before the market opened on Monday . The stock had previously closed at $4.30, but opened at $4.52. SS Innovations International shares last traded at $4.3750, with a volume of 5,669 shares trading hands.

Analysts Set New Price Targets

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

SS Innovations International Price Performance

The firm has a market capitalization of $979.12 million and a PE ratio of -81.50. The company has a fifty day moving average of $4.60 and a 200-day moving average of $5.79.

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

Insider Transactions at SS Innovations International

In other SS Innovations International news, Director Timothy P. Adams purchased 300,000 shares of the business’s stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $3.99 per share, for a total transaction of $1,197,000.00. Following the acquisition, the director owned 5,331,902 shares of the company’s stock, valued at $21,274,288.98. This trade represents a 5.96% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Frederic H. Moll acquired 501,253 shares of SS Innovations International stock in a transaction that occurred on Friday, March 6th. The stock was acquired at an average cost of $3.99 per share, with a total value of $1,999,999.47. Following the purchase, the director owned 10,775,485 shares in the company, valued at $42,994,185.15. The trade was a 4.88% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 1,300,006 shares of company stock worth $5,196,999 in the last 90 days.

Institutional Trading of SS Innovations International

Institutional investors and hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC bought a new stake in shares of SS Innovations International during the 2nd quarter worth about $122,000. Inspire Investing LLC bought a new position in shares of SS Innovations International in the 3rd quarter valued at approximately $240,000. Envestnet Asset Management Inc. acquired a new stake in SS Innovations International in the 3rd quarter worth approximately $71,000. PNC Financial Services Group Inc. acquired a new stake in SS Innovations International in the 3rd quarter worth approximately $56,000. Finally, Handelsbanken Fonder AB bought a new stake in SS Innovations International during the third quarter worth approximately $714,000.

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.