Handelsbanken Fonder AB Purchases Shares of 109,802 SS Innovations International, Inc. $SSII

Handelsbanken Fonder AB acquired a new position in shares of SS Innovations International, Inc. (NASDAQ:SSII) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 109,802 shares of the company’s stock, valued at approximately $714,000. Handelsbanken Fonder AB owned approximately 0.06% of SS Innovations International as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Envestnet Asset Management Inc. bought a new position in SS Innovations International in the third quarter valued at $71,000. Inspire Investing LLC bought a new position in SS Innovations International in the third quarter valued at approximately $240,000. PNC Financial Services Group Inc. bought a new position in shares of SS Innovations International in the third quarter valued at $56,000. Finally, Geode Capital Management LLC acquired a new position in SS Innovations International during the second quarter worth $122,000.

SS Innovations International Stock Up 6.9%

SS Innovations International stock opened at $4.93 on Friday. The stock has a market cap of $958.18 million and a P/E ratio of -98.60. SS Innovations International, Inc. has a twelve month low of $3.02 and a twelve month high of $22.42. The company’s 50-day moving average price is $4.88 and its two-hundred day moving average price is $6.11.

SS Innovations International (NASDAQ:SSII) last issued its quarterly earnings data 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%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SS Innovations International presently has a consensus rating of “Sell”.

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.