SS Innovations International (NASDAQ:SSII) Shares Gap Down – Time to Sell?

SS Innovations International, Inc. (NASDAQ:SSII) shares gapped down prior to trading on Monday . The stock had previously closed at $5.00, but opened at $4.73. SS Innovations International shares last traded at $4.4950, with a volume of 13,871 shares changing hands.

Analysts Set New Price Targets

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

SS Innovations International Trading Down 0.6%

The stock’s 50-day simple moving average is $4.55 and its 200-day simple moving average is $5.83. The firm has a market capitalization of $957.10 million and a P/E ratio of -79.67.

SS Innovations International (NASDAQ:SSII) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.01) earnings per share (EPS) for the quarter. SS Innovations International had a negative return on equity of 30.23% and a negative net margin of 28.54%.The firm had revenue of $14.53 million during the quarter.

Insiders Place Their Bets

In other news, Director Timothy P. Adams acquired 300,000 shares of SS Innovations International stock in a transaction on Friday, March 6th. The stock was acquired at an average cost of $3.99 per share, with a total value of $1,197,000.00. Following the transaction, the director owned 5,331,902 shares of the company’s stock, valued at approximately $21,274,288.98. This trade represents a 5.96% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Srivastava Sudhir acquired 498,753 shares of SS Innovations International stock in a transaction on Friday, March 6th. The stock was purchased at an average cost of $4.01 per share, with a total value of $1,999,999.53. Following the completion of the transaction, the chief executive officer directly owned 109,851,767 shares in the company, valued at $440,505,585.67. This represents a 0.46% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders bought 1,300,006 shares of company stock valued at $5,196,999.

Institutional Investors Weigh In On SS Innovations International

A number of institutional investors have recently added to or reduced their stakes in SSII. PNC Financial Services Group Inc. bought a new stake in SS Innovations International in the 3rd quarter worth about $56,000. Jane Street Group LLC purchased a new position in SS Innovations International in the fourth quarter valued at about $63,000. IFC & Insurance Marketing Inc. purchased a new position in SS Innovations International in the fourth quarter valued at about $64,000. Goldman Sachs Group Inc. purchased a new position in SS Innovations International in the fourth quarter valued at about $68,000. Finally, Envestnet Asset Management Inc. purchased a new position in SS Innovations International in the third quarter valued at about $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.