SS Innovations International (NASDAQ:SSII) Trading Up 7.2% – Time to Buy?

Shares of SS Innovations International, Inc. (NASDAQ:SSII) rose 7.2% on Thursday . The company traded as high as $3.61 and last traded at $3.8380. 17,652 shares were traded during trading, a decline of 76% from the average session volume of 72,101 shares. The stock had previously closed at $3.58.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on SSII shares. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research note on Friday, July 17th. Loop Capital set a $7.00 price objective on shares of SS Innovations International in a research note on Wednesday, June 3rd. Finally, Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Sell” and an average price target of $7.00.

SS Innovations International Stock Performance

The company’s fifty day moving average price is $3.71 and its 200 day moving average price is $4.35. The firm has a market capitalization of $785.31 million, a price-to-earnings ratio of -73.94 and a beta of -1.96.

SS Innovations International (NASDAQ:SSII) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.02) earnings per share for the quarter. SS Innovations International had a negative return on equity of 23.00% and a negative net margin of 20.69%.The business had revenue of $11.10 million for the quarter.

Institutional Trading of SS Innovations International

A number of institutional investors and hedge funds have recently made changes to their positions in SSII. PNC Financial Services Group Inc. increased its position in 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 buying an additional 5,000 shares during the period. IFC & Insurance Marketing Inc. boosted its holdings in shares of SS Innovations International by 47.7% during the first quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock valued at $84,000 after acquiring an additional 5,400 shares during the period. Handelsbanken Fonder AB boosted its holdings 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 period. Envestnet Asset Management Inc. bought a new position in shares of SS Innovations International during the third quarter worth about $71,000. Finally, Jane Street Group LLC bought a new position in shares of SS Innovations International during the fourth quarter worth about $63,000.

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.