SS Innovations International (NASDAQ:SSII) Shares Up 6.8% – Time to Buy?

SS Innovations International, Inc. (NASDAQ:SSII)’s stock price traded up 6.8% during mid-day trading on Tuesday . The company traded as high as $3.82 and last traded at $3.77. 25,413 shares changed hands during mid-day trading, a decline of 67% from the average session volume of 75,990 shares. The stock had previously closed at $3.53.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SSII. Loop Capital set a $7.00 price target on shares of SS Innovations International in a report on Wednesday, June 3rd. Weiss Ratings restated a “sell (e+)” rating on shares of SS Innovations International in a research report on Tuesday, April 21st. Finally, Wall Street Zen raised shares of SS Innovations International from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus target price of $7.00.

SS Innovations International Stock Performance

The company has a market cap of $737.48 million, a PE ratio of -73.70 and a beta of -1.89. The firm has a fifty day simple moving average of $4.29 and a 200 day simple moving average of $4.87.

SS Innovations International (NASDAQ:SSII) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.02) earnings per share for the quarter. SS Innovations International had a negative return on equity of 23.00% and a negative net margin of 20.69%.The company had revenue of $11.10 million for the quarter.

Institutional Trading of SS Innovations International

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. acquired a new position in SS Innovations International in the third quarter valued at $56,000. Envestnet Asset Management Inc. acquired a new stake in SS Innovations International during the third quarter worth about $71,000. Jane Street Group LLC purchased a new position in shares of SS Innovations International in the 4th quarter worth about $63,000. IFC & Insurance Marketing Inc. acquired a new position in shares of SS Innovations International in the 4th quarter valued at about $64,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of SS Innovations International in the 4th quarter valued at about $68,000.

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.