SS Innovations International (NASDAQ:SSII) Trading 6.6% Higher – Still a Buy?

SS Innovations International, Inc. (NASDAQ:SSII) shot up 6.6% during trading on Friday . The stock traded as high as $4.75 and last traded at $4.69. 17,036 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 114,682 shares. The stock had previously closed at $4.40.

Analyst Upgrades and Downgrades

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

SS Innovations International Price Performance

The stock has a market capitalization of $938.76 million and a price-to-earnings ratio of -96.60. The stock has a 50 day moving average price of $5.04 and a 200-day moving average price of $6.22.

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

Hedge Funds Weigh In On SS Innovations International

Institutional investors and hedge funds have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new stake in SS Innovations International in the 3rd quarter valued at about $56,000. Jane Street Group LLC purchased a new stake in shares of SS Innovations International in the fourth quarter valued at approximately $63,000. IFC & Insurance Marketing Inc. purchased a new stake in shares of SS Innovations International in the fourth quarter valued at approximately $64,000. Goldman Sachs Group Inc. acquired a new stake in shares of SS Innovations International in the fourth quarter valued at approximately $68,000. Finally, Envestnet Asset Management Inc. purchased a new position in SS Innovations International during the third quarter worth approximately $71,000.

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.