SS Innovations International (NASDAQ:SSII) Hits New 1-Year Low – Here’s Why

by · The Cerbat Gem

SS Innovations International, Inc. (NASDAQ:SSII – Get Free Report)’s share price hit a new 52-week low during trading on Monday. The company traded as low as $2.31 and last traded at $2.45, with a volume of 100,263 shares trading hands. The stock had previously closed at $2.53.

Analyst Upgrades and Downgrades

SSII has been the subject of several research analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a report on Thursday. Wall Street Zen raised SS Innovations International from a “sell” rating to a “hold” rating in a report on Sunday, June 28th. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, SS Innovations International has an average rating of “Sell” and an average target price of $7.00.

Check Out Our Latest Report on SSII

SS Innovations International Stock Down 3.2%

The business’s 50 day simple moving average is $3.19 and its 200 day simple moving average is $3.69.

SS Innovations International (NASDAQ:SSII – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. SS Innovations International had a negative net margin of 23.73% and a negative return on equity of 26.77%. The business had revenue of $13.94 million for the quarter.

Insider Activity

In other news, CEO Srivastava Sudhir sold 33,333 shares of SS Innovations International stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $3.00, for a total value of $99,999.00. Following the completion of the transaction, the chief executive officer owned 108,520,928 shares in the company, valued at approximately $325,562,784. The trade was a 0.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Institutional Trading of SS Innovations International

Institutional investors have recently bought and sold shares of the stock. Eversept Partners LP raised its stake in shares of SS Innovations International by 46.2% in the first quarter. Eversept Partners LP now owns 110,157 shares of the company’s stock valued at $551,000 after acquiring an additional 34,799 shares during the period. Inspire Investing LLC lifted its holdings in shares of SS Innovations International by 26.4% in the 1st quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock worth $523,000 after acquiring an additional 21,851 shares during the last quarter. Finally, IFC & Insurance Marketing Inc. lifted its holdings in shares of SS Innovations International by 47.7% in the 1st 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.

SS Innovations International Company Profile

(Get Free Report)

SS Innovations International Inc is a medical technology company focused on developing and commercializing robotic-assisted surgical systems. Its principal platform, the SSI MANTRA surgical robotic system, is designed to support minimally invasive procedures by providing surgeons with enhanced visualization, precision and instrument control.

The company also develops related surgical instruments, accessories and technologies intended for use across a range of specialties. Its products are aimed at hospitals and surgical teams seeking robotic assistance for procedures while supporting operating-room efficiency and improved patient care.

SS Innovations was founded by Dr.

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