SS Innovations International (NASDAQ:SSII) Shares Down 3.6% - What's Next?

Key Points

• SS Innovations International shares fell 3.6% to $3.48 in thin trading, with volume down 86% from the average daily level.
• Analyst sentiment remains negative: Weiss Ratings reaffirmed a “sell” rating, while Wall Street Zen upgraded the stock to “hold.” The consensus rating is “Sell,” with a $7.00 price target.
• The company reported a quarterly loss of $0.01 per share on $13.94 million in revenue, alongside a negative 23.73% net margin and 26.77% return on equity.

Shares of SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report) traded down 3.6% on Friday . The stock traded as low as $3.45 and last traded at $3.48. 10,243 shares changed hands during mid-day trading, a decline of 86% from the average daily volume of 71,910 shares. The stock had previously closed at $3.61.

Analyst Ratings Changes

Several analysts recently commented on the company. Weiss Ratings reaffirmed a "sell (e+)" rating on shares of SS Innovations International in a research note on Friday, July 17th. Wall Street Zen raised SS Innovations International from a "sell" rating to a "hold" rating in a report on Sunday, June 28th. Finally, Loop Capital set a $7.00 target price on shares of SS Innovations International in a report on Wednesday, June 3rd. One analyst has rated the stock with a Sell rating, According to MarketBeat, SS Innovations International presently has an average rating of "Sell" and a consensus price target of $7.00.

SS Innovations International Trading Down 1.7%

The stock has a fifty day moving average of $3.68 and a two-hundred day moving average of $4.12. The stock has a market capitalization of $711.37 million, a price-to-earnings ratio of -59.17 and a beta of -1.92.

SS Innovations International (NASDAQ:SSII - Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported ($0.01) EPS for the quarter. SS Innovations International had a negative return on equity of 26.77% and a negative net margin of 23.73%.The business had revenue of $13.94 million for the quarter.

Institutional Investors Weigh In On SS Innovations International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSII. PNC Financial Services Group Inc. grew its stake in shares of SS Innovations International by 58.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,627 shares of the company's stock valued at $77,000 after purchasing an additional 5,000 shares during the last quarter. IFC & Insurance Marketing Inc. boosted its position in SS Innovations International by 47.7% in the 1st quarter. IFC & Insurance Marketing Inc. now owns 16,730 shares of the company's stock valued at $84,000 after buying an additional 5,400 shares during the last quarter. Handelsbanken Fonder AB boosted its position in SS Innovations International by 9.3% in the 4th quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company's stock valued at $682,000 after buying an additional 10,198 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of SS Innovations International in the 3rd quarter valued at $71,000. Finally, Jane Street Group LLC bought a new stake in shares of SS Innovations International during the fourth quarter worth $63,000.

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.

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