SS Innovations International (NASDAQ:SSII) Shares Down 8.7% – Should You Sell?

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price was down 8.7% during mid-day trading on Friday . The stock traded as low as $3.44 and last traded at $3.55. Approximately 2,184 shares were traded during mid-day trading, a decline of 98% from the average daily volume of 106,217 shares. The stock had previously closed at $3.89.

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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SS Innovations International presently has an average rating of “Sell”.

SS Innovations International Stock Performance

The company has a fifty day moving average of $5.47 and a two-hundred day moving average of $6.46. The firm has a market capitalization of $738.56 million and a price-to-earnings ratio of -76.00.

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

Institutional Investors Weigh In On SS Innovations International

A number of large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. acquired a new stake in SS Innovations International during the third quarter worth about $56,000. Envestnet Asset Management Inc. bought a new position in shares of SS Innovations International in the third quarter worth about $71,000. AlTi Global Inc. acquired a new stake in shares of SS Innovations International in the 2nd quarter valued at approximately $121,000. Geode Capital Management LLC bought a new stake in shares of SS Innovations International during the 2nd quarter valued at approximately $122,000. Finally, Inspire Investing LLC acquired a new position in SS Innovations International during the 3rd quarter worth approximately $240,000.

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.