SS Innovations International (NASDAQ:SSII) Posts Quarterly Earnings Results

SS Innovations International (NASDAQ:SSII) issued its quarterly earnings data on Thursday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%. The business had revenue of $13.94 million during the quarter.

SS Innovations International Trading Up 0.9%

SSII traded up $0.04 on Friday, hitting $3.87. 17,197 shares of the company’s stock were exchanged, compared to its average volume of 73,071. The firm has a market cap of $773.50 million, a PE ratio of -77.30 and a beta of -1.92. The stock has a fifty day moving average of $3.66 and a two-hundred day moving average of $4.14. SS Innovations International has a twelve month low of $3.11 and a twelve month high of $10.00.

Hedge Funds Weigh In On SS Innovations International

Several hedge funds and other institutional investors have recently made changes to their positions in SSII. PNC Financial Services Group Inc. acquired a new position in shares of SS Innovations International during the 3rd quarter valued at $56,000. Envestnet Asset Management Inc. bought a new stake in shares of SS Innovations International in the 3rd quarter worth approximately $71,000. Jane Street Group LLC bought a new stake in shares of SS Innovations International in the 4th quarter worth approximately $63,000. IFC & Insurance Marketing Inc. bought a new stake in shares of SS Innovations International during the 4th quarter worth $64,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of SS Innovations International during the fourth quarter valued at $68,000.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SSII. Wall Street Zen raised SS Innovations International from a “sell” rating to a “hold” rating in a research note on Sunday, June 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a report on Friday, July 17th. Finally, Loop Capital set a $7.00 price objective on shares of SS Innovations International in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell” and a consensus target price of $7.00.

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.