SS Innovations International (NASDAQ:SSII) Shares Gap Down – Here’s Why
by Sarita Garza · The Markets DailySS Innovations International, Inc. (NASDAQ:SSII – Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $5.93, but opened at $5.57. SS Innovations International shares last traded at $5.56, with a volume of 18,750 shares traded.
Analysts Set New Price Targets
Separately, Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.
View Our Latest Report on SSII
SS Innovations International Price Performance
The stock has a market cap of $1.09 billion and a P/E ratio of -113.00. The firm’s 50-day moving average price is $6.03 and its 200-day moving average price is $6.57.
SS Innovations International (NASDAQ:SSII – Get Free Report) last issued its earnings results on Tuesday, January 13th. The company reported $0.04 earnings per share for the quarter. SS Innovations International had a negative net margin of 32.10% and a negative return on equity of 34.13%.
Hedge Funds Weigh In On SS Innovations International
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. bought a new stake in SS Innovations International in the 3rd quarter worth approximately $56,000. Envestnet Asset Management Inc. purchased a new position in shares of SS Innovations International in the third quarter valued at $71,000. AlTi Global Inc. bought a new stake in SS Innovations International in the second quarter worth $121,000. Geode Capital Management LLC bought a new stake in SS Innovations International in the second quarter worth $122,000. Finally, Inspire Investing LLC purchased a new stake in SS Innovations International during the third quarter valued at $240,000.
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.