SS Innovations International (NASDAQ:SSII) Stock Falls 6.7% – Time to Sell?

SS Innovations International, Inc. (NASDAQ:SSII)’s share price fell 6.7% on Thursday. The stock traded as low as $2.80 and last traded at $2.7790. 7,110 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 70,610 shares. The stock had previously closed at $2.98.

Analysts Set New Price Targets

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

SS Innovations International Stock Performance

The stock has a market cap of $568.28 million, a price-to-earnings ratio of -47.27 and a beta of -1.94. The company has a 50-day moving average of $3.49 and a 200-day moving average of $3.89.

SS Innovations International (NASDAQ:SSII) last posted its quarterly earnings data on Thursday, August 13th. The company reported ($0.01) earnings per share for the quarter. SS Innovations International had a negative return on equity of 26.77% and a negative net margin of 23.73%.The company had revenue of $13.94 million for the quarter.

Insider Activity at SS Innovations International

In related news, CEO Srivastava Sudhir sold 33,333 shares of the stock in a transaction on Friday, September 4th. The stock was sold at an average price of $3.00, for a total transaction of $99,999.00. Following the completion of the sale, the chief executive officer directly owned 108,520,928 shares of the company’s stock, valued at $325,562,784. This trade represents a 0.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hedge Funds Weigh In On SS Innovations International

Large investors have recently bought and sold shares of the company. Eversept Partners LP purchased a new stake in shares of SS Innovations International in the fourth quarter valued at about $428,000. Inspire Investing LLC lifted its position in SS Innovations International by 26.4% in the first quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock valued at $523,000 after purchasing an additional 21,851 shares during the period. Finally, IFC & Insurance Marketing Inc. lifted its position in SS Innovations International by 47.7% in the first quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company’s stock valued at $84,000 after purchasing an additional 5,400 shares during the period.

SS Innovations International Company Profile

SS Innovations International, Inc is a medical technology company focused on developing, manufacturing and commercializing robotic-assisted surgical systems. Through its operating business in India, the company offers the SSi Mantra robotic surgery platform, which is designed to support minimally invasive procedures across multiple surgical specialties.

The company’s product portfolio includes the SSi Mantra system, robotic instruments and related accessories, as well as surgical training, installation, maintenance and support services.