SS Innovations International (NASDAQ:SSII) Trading 10.2% Higher – What’s Next?

SS Innovations International, Inc. (NASDAQ:SSII)’s share price shot up 10.2% during trading on Friday . The stock traded as high as $4.40 and last traded at $4.33. 49,850 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 121,455 shares. The stock had previously closed at $3.93.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SS Innovations International has an average rating of “Sell”.

SS Innovations International Trading Up 8.1%

The firm’s 50 day simple moving average is $5.23 and its 200 day simple moving average is $6.33. The firm has a market cap of $826.03 million and a PE ratio of -85.00.

SS Innovations International (NASDAQ:SSII) last issued its 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 Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB purchased a new stake in SS Innovations International during the third quarter valued at $714,000. JNBA Financial Advisors bought a new stake in shares of SS Innovations International in the 4th quarter worth about $498,000. Forum Financial Management LP purchased a new stake in shares of SS Innovations International during the 2nd quarter valued at about $344,000. AlphaCentric Advisors LLC purchased a new stake in shares of SS Innovations International during the 4th quarter valued at about $284,000. Finally, Inspire Investing LLC bought a new position in shares of SS Innovations International in the 3rd quarter valued at about $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.