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

Shares of SS Innovations International, Inc. (NASDAQ:SSII) gapped up prior to trading on Friday . The stock had previously closed at $4.61, but opened at $4.83. SS Innovations International shares last traded at $4.76, with a volume of 3,009 shares trading hands.

Wall Street Analyst Weigh In

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

SS Innovations International Stock Down 9.9%

The company’s 50 day simple moving average is $4.85 and its two-hundred day simple moving average is $6.09. The company has a market capitalization of $862.96 million and a price-to-earnings ratio of -88.80.

SS Innovations International (NASDAQ:SSII) last issued its quarterly earnings results on Tuesday, January 13th. The company reported $0.04 earnings per share (EPS) for the quarter. SS Innovations International had a negative return on equity of 34.13% and a negative net margin of 32.10%.

Institutional Investors Weigh In On SS Innovations International

A number of large investors have recently modified their holdings of SSII. Handelsbanken Fonder AB purchased a new position in shares of SS Innovations International in the 3rd quarter valued at approximately $714,000. Inspire Investing LLC acquired a new position in SS Innovations International during the 3rd quarter valued at approximately $240,000. PNC Financial Services Group Inc. purchased a new position in shares of SS Innovations International in the third quarter worth $56,000. Goldman Sachs Group Inc. acquired a new stake in shares of SS Innovations International during the fourth quarter worth $68,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of SS Innovations International during the third quarter valued at $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.