SS Innovations International (NASDAQ:SSII) Shares Gap Up – Here’s What Happened

SS Innovations International, Inc. (NASDAQ:SSII) shares gapped up before the market opened on Monday . The stock had previously closed at $6.22, but opened at $6.56. SS Innovations International shares last traded at $6.71, with a volume of 35,440 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SS Innovations International in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

SS Innovations International Stock Up 2.9%

The business has a fifty day simple moving average of $7.16. The company has a market cap of $1.24 billion and a price-to-earnings ratio of -128.00.

SS Innovations International (NASDAQ:SSII) last announced its earnings results on Tuesday, October 28th. The company reported ($0.02) earnings per share for the quarter. SS Innovations International had a negative net margin of 32.10% and a negative return on equity of 34.13%. The company had revenue of $12.83 million for the quarter.

Institutional Trading of SS Innovations International

A number of hedge funds have recently modified their holdings of SSII. Handelsbanken Fonder AB bought a new position in shares of SS Innovations International in the 3rd quarter worth about $714,000. PNC Financial Services Group Inc. bought a new stake in SS Innovations International during the third quarter worth about $56,000. Envestnet Asset Management Inc. purchased a new stake in SS Innovations International in the third quarter worth about $71,000. Inspire Investing LLC bought a new position in shares of SS Innovations International during the third quarter valued at approximately $240,000. Finally, Geode Capital Management LLC bought a new position in shares of SS Innovations International during the second quarter valued at approximately $122,000.

About SS Innovations International

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.