SS Innovations International (NASDAQ:SSII) Shares Gap Up – Here’s Why

Shares of SS Innovations International, Inc. (NASDAQ:SSII) gapped up prior to trading on Monday . The stock had previously closed at $6.22, but opened at $6.56. SS Innovations International shares last traded at $6.71, with a volume of 35,440 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has an average rating of “Sell”.

SS Innovations International Stock Performance

The company’s fifty day moving average price is $7.16. The company has a market cap of $1.22 billion and a PE ratio of -126.00.

SS Innovations International (NASDAQ:SSII) last issued its earnings results on Tuesday, October 28th. The company reported ($0.02) EPS for the quarter. SS Innovations International had a negative net margin of 32.10% and a negative return on equity of 34.13%. The firm had revenue of $12.83 million during the quarter.

Hedge Funds Weigh In On SS Innovations International

A number of institutional investors have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new stake in SS Innovations International in the 3rd quarter valued at $56,000. Envestnet Asset Management Inc. acquired a new position in SS Innovations International during the third quarter worth $71,000. AlTi Global Inc. bought a new position in shares of SS Innovations International in the second quarter valued at $121,000. Geode Capital Management LLC acquired a new position in shares of SS Innovations International during the second quarter valued at about $122,000. Finally, Inspire Investing LLC bought a new stake in shares of SS Innovations International during the third quarter worth about $240,000.

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.