SS Innovations International (NASDAQ:SSII) Shares Down 5.7% - Should You Sell?

Key Points

• SS Innovations International's shares fell 5.7% in mid-day trading, bringing the stock down to $6.81 from a previous close of $7.22.
• Investment firm Weiss Ratings maintains a "sell (e+)" rating on the stock, reflecting a general consensus of "Sell" among analysts.
• Recent institutional activity includes hedge funds acquiring new stakes in SS Innovations International, with notable investments totaling around $344,000 by Forum Financial Management LP.

Shares of SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report) dropped 5.7% during mid-day trading on Friday . The company traded as low as $6.81 and last traded at $6.81. Approximately 47,136 shares changed hands during trading, a decline of 57% from the average daily volume of 108,466 shares. The stock had previously closed at $7.22.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "sell (e+)" rating on shares of SS Innovations International in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of "Sell".

SS Innovations International Price Performance

The company's 50 day simple moving average is $6.49.

Institutional Investors Weigh In On SS Innovations International

Hedge funds have recently bought and sold shares of the company. Forum Financial Management LP acquired a new stake in shares of SS Innovations International during the second quarter worth $344,000. Geode Capital Management LLC acquired a new position in SS Innovations International during the 2nd quarter worth approximately $122,000. Finally, AlTi Global Inc. acquired a new position in shares of SS Innovations International during the second quarter worth $121,000.

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.

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