SS Innovations International (NASDAQ:SSII) Stock Price Down 7.4% – Time to Sell?
by Sarita Garza · The Markets DailySS Innovations International, Inc. (NASDAQ:SSII – Get Free Report)’s stock price traded down 7.4% on Thursday . The stock traded as low as $3.93 and last traded at $3.99. 107,155 shares were traded during trading, an increase of 40% from the average session volume of 76,300 shares. The stock had previously closed at $4.31.
Wall Street Analysts Forecast Growth
Several analysts recently commented on SSII shares. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a report on Tuesday, April 21st. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Loop Capital set a $7.00 price objective on SS Innovations International in a research report on Wednesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell” and a consensus price target of $7.00.
View Our Latest Analysis on SS Innovations International
SS Innovations International Stock Down 1.6%
The stock has a market cap of $756.49 million, a P/E ratio of -75.60 and a beta of -1.88. The business has a 50-day simple moving average of $4.32 and a 200-day simple moving average of $4.90.
SS Innovations International (NASDAQ:SSII – Get Free Report) last posted 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 return on equity of 23.00% and a negative net margin of 20.69%.The firm had revenue of $11.10 million for the quarter.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its holdings in SS Innovations International by 58.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company’s stock worth $77,000 after acquiring an additional 5,000 shares during the last quarter. IFC & Insurance Marketing Inc. raised its stake in shares of SS Innovations International by 47.7% in the first quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock worth $84,000 after acquiring an additional 5,400 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of SS Innovations International by 9.3% during the fourth 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 position in shares of SS Innovations International during the third quarter worth approximately $71,000. Finally, Jane Street Group LLC bought a new stake in shares of SS Innovations International during the fourth quarter valued at approximately $63,000.
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.