SS Innovations International (NASDAQ:SSII) Trading Up 7.4% – Should You Buy?

SS Innovations International, Inc. (NASDAQ:SSII) shares shot up 7.4% during mid-day trading on Thursday . The company traded as high as $4.95 and last traded at $4.95. 14,490 shares changed hands during mid-day trading, a decline of 86% from the average session volume of 103,257 shares. The stock had previously closed at $4.61.

Wall Street Analyst Weigh In

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

SS Innovations International Stock Up 2.6%

The company has a market cap of $919.32 million and a P/E ratio of -94.60. The stock has a 50 day moving average price of $4.90 and a two-hundred day moving average price of $6.12.

SS Innovations International (NASDAQ:SSII) last issued 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%.

Institutional Trading of SS Innovations International

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC bought a new stake in SS Innovations International in the 2nd quarter valued at about $122,000. Inspire Investing LLC acquired a new stake in shares of SS Innovations International in the third quarter valued at approximately $240,000. Envestnet Asset Management Inc. bought a new stake in shares of SS Innovations International in the third quarter valued at approximately $71,000. PNC Financial Services Group Inc. acquired a new stake in SS Innovations International during the third quarter worth approximately $56,000. Finally, Handelsbanken Fonder AB bought a new position in SS Innovations International during the 3rd quarter worth $714,000.

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. AVRA Medical Robotics, Inc was founded in 2015 and is based in Orlando, Florida.