SS Innovations International (NASDAQ:SSII) CEO Purchases $1,999,999.53 in Stock

SS Innovations International, Inc. (NASDAQ:SSII) CEO Srivastava Sudhir purchased 498,753 shares of the company’s stock in a transaction dated Friday, March 6th. The shares were purchased at an average price of $4.01 per share, for a total transaction of $1,999,999.53. Following the completion of the purchase, the chief executive officer owned 109,851,767 shares of the company’s stock, valued at approximately $440,505,585.67. This trade represents a 0.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

SS Innovations International Stock Up 2.3%

Shares of NASDAQ:SSII opened at $4.96 on Friday. SS Innovations International, Inc. has a 52 week low of $3.02 and a 52 week high of $22.42. The company has a 50-day moving average price of $4.79 and a 200 day moving average price of $6.04. The company has a market cap of $964.03 million and a P/E ratio of -82.67.

SS Innovations International (NASDAQ:SSII) last released its earnings results on Tuesday, March 10th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $14.53 million for the quarter. SS Innovations International had a negative return on equity of 30.23% and a negative net margin of 28.54%.

Hedge Funds Weigh In On SS Innovations International

Hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its holdings in shares of SS Innovations International by 58.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company’s stock worth $77,000 after acquiring an additional 5,000 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of SS Innovations International by 9.3% during the fourth quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock valued at $682,000 after acquiring an additional 10,198 shares during the last quarter. Envestnet Asset Management Inc. purchased a new stake in SS Innovations International during the 3rd quarter worth about $71,000. Jane Street Group LLC purchased a new stake in SS Innovations International during the 4th quarter worth about $63,000. Finally, IFC & Insurance Marketing Inc. acquired a new position in SS Innovations International in the 4th quarter valued at about $64,000.

Analyst Upgrades and Downgrades

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

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.