SS Innovations International (NASDAQ:SSII) Shares Gap Up – Should You Buy?

SS Innovations International, Inc. (NASDAQ:SSII) shares gapped up before the market opened on Friday . The stock had previously closed at $4.61, but opened at $4.83. SS Innovations International shares last traded at $4.76, with a volume of 3,009 shares changing hands.

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 research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

SS Innovations International Stock Performance

The firm has a 50 day moving average price of $4.88 and a two-hundred day moving average price of $6.11. The company has a market cap of $930.97 million and a P/E ratio of -95.80.

SS Innovations International (NASDAQ:SSII) last released its quarterly earnings data on Tuesday, January 13th. The company reported $0.04 EPS for the quarter. SS Innovations International had a negative net margin of 32.10% and a negative return on equity of 34.13%.

Institutional Investors Weigh In On SS Innovations International

A number of hedge funds and other institutional investors have recently bought and sold shares of SSII. Handelsbanken Fonder AB boosted its holdings in shares of SS Innovations International by 9.3% in the fourth quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock worth $682,000 after acquiring an additional 10,198 shares during the period. JNBA Financial Advisors purchased a new stake in SS Innovations International during the 4th quarter worth about $498,000. Inspire Investing LLC lifted its holdings in SS Innovations International by 124.4% during the 4th quarter. Inspire Investing LLC now owns 82,773 shares of the company’s stock worth $470,000 after purchasing an additional 45,886 shares in the last quarter. Eversept Partners LP bought a new position in SS Innovations International in the 4th quarter worth about $428,000. Finally, AlphaCentric Advisors LLC purchased a new position in SS Innovations International during the 4th quarter valued at about $284,000.

SS Innovations International Company Profile

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.