SS Innovations International (NASDAQ:SSII) Trading 8.2% Higher – Still a Buy?

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price rose 8.2% during trading on Thursday . The company traded as high as $3.95 and last traded at $3.95. Approximately 9,585 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 107,257 shares. The stock had previously closed at $3.65.

Analyst Upgrades and Downgrades

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

SS Innovations International Stock Performance

The business has a 50 day simple moving average of $5.53 and a 200-day simple moving average of $6.48. The firm has a market cap of $699.70 million and a price-to-earnings ratio of -72.00.

SS Innovations International (NASDAQ:SSII) last posted its earnings results 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 institutional investors have recently added to or reduced their stakes in SSII. Handelsbanken Fonder AB purchased a new stake in SS Innovations International in the 3rd quarter valued at about $714,000. JNBA Financial Advisors bought a new position in shares of SS Innovations International in the fourth quarter valued at approximately $498,000. Forum Financial Management LP bought a new position in shares of SS Innovations International in the second quarter valued at approximately $344,000. Inspire Investing LLC purchased a new stake in shares of SS Innovations International during the third quarter valued at approximately $240,000. Finally, Geode Capital Management LLC bought a new stake in SS Innovations International during the second quarter worth $122,000.

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.