SS Innovations International (NASDAQ:SSII) Director Purchases $1,999,999.47 in Stock

SS Innovations International, Inc. (NASDAQ:SSII) Director Frederic Moll acquired 501,253 shares of SS Innovations International stock in a transaction on Friday, March 6th. The shares were bought at an average price of $3.99 per share, with a total value of $1,999,999.47. Following the purchase, the director directly owned 10,775,485 shares in the company, valued at approximately $42,994,185.15. The trade was a 4.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

SS Innovations International Stock Down 5.6%

Shares of SSII traded down $0.26 during mid-day trading on Tuesday, reaching $4.42. The company had a trading volume of 28,401 shares, compared to its average volume of 97,274. The stock has a market capitalization of $859.07 million and a P/E ratio of -88.40. SS Innovations International, Inc. has a 52-week low of $3.02 and a 52-week high of $22.42. The stock has a 50 day moving average of $4.82 and a two-hundred day moving average of $6.05.

SS Innovations International (NASDAQ:SSII) last announced its quarterly earnings results on Tuesday, January 13th. The company reported $0.04 earnings per share (EPS) for the quarter. The company had revenue of $14.53 million during the quarter. SS Innovations International had a negative return on equity of 34.13% and a negative net margin of 32.10%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On SS Innovations International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Handelsbanken Fonder AB purchased a new position in SS Innovations International during the third quarter worth approximately $714,000. Inspire Investing LLC purchased a new stake in shares of SS Innovations International in the third quarter valued at about $240,000. Geode Capital Management LLC acquired a new stake in SS Innovations International during the second quarter worth about $122,000. Vontobel Holding Ltd. purchased a new position in SS Innovations International during the fourth quarter worth about $116,000. Finally, PNC Financial Services Group Inc. raised its stake in SS Innovations International by 58.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company’s stock worth $77,000 after purchasing an additional 5,000 shares during the period.

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.