SS Innovations International (NASDAQ:SSII) Shares Gap Up – Here’s What Happened

by · The Markets Daily

SS Innovations International, Inc. (NASDAQ:SSII – Get Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $3.69, but opened at $3.89. SS Innovations International shares last traded at $3.92, with a volume of 619 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a research note on Friday, July 17th. Loop Capital set a $7.00 price target on shares of SS Innovations International in a research report on Wednesday, June 3rd. Finally, Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell” and an average target price of $7.00.

Check Out Our Latest Stock Report on SS Innovations International

SS Innovations International Stock Performance

The company has a market capitalization of $779.51 million, a P/E ratio of -77.90 and a beta of -1.92. The business’s fifty day simple moving average is $3.66 and its 200-day simple moving average is $4.14.

SS Innovations International (NASDAQ:SSII – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $13.94 million during the quarter. SS Innovations International had a negative return on equity of 23.00% and a negative net margin of 20.69%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. bought a new stake in shares of SS Innovations International in the 3rd quarter valued at approximately $56,000. Jane Street Group LLC bought a new position in SS Innovations International during the fourth quarter valued at $63,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of SS Innovations International in the fourth quarter valued at $64,000. Goldman Sachs Group Inc. bought a new stake in shares of SS Innovations International in the 4th quarter worth about $68,000. Finally, Envestnet Asset Management Inc. purchased a new position in shares of SS Innovations International during the 3rd quarter worth about $71,000.

About SS Innovations International

(Get Free Report)

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.

See Also