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SS Innovations International (NASDAQ:SSII) Shares Down 6.7% - Should You Sell?

SS Innovations International logo with Business Services background

Key Points

  • SS Innovations International's share price fell by 6.7% to $6.52 on Wednesday, with trading volume dramatically dropping to 2,934 shares, compared to an average of 115,716 shares.
  • Several institutional investors acquired new stakes in SS Innovations during the recent second quarter, including Forum Financial Management LP and Geode Capital Management LLC, with investments totaling over $500,000.
  • The company, formerly known as AVRA Surgical Microsystems, Inc., specializes in developing medical surgical devices and has a research partnership with the University of Central Florida focused on medical robotics technologies.
  • Five stocks to consider instead of SS Innovations International.

SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report)'s share price fell 6.7% during trading on Wednesday . The company traded as low as $6.52 and last traded at $6.52. 2,934 shares traded hands during trading, a decline of 97% from the average session volume of 115,716 shares. The stock had previously closed at $6.99.

SS Innovations International Price Performance

The stock has a 50-day moving average price of $6.51.

Institutional Trading of SS Innovations International

A number of hedge funds and other institutional investors have recently bought and sold shares of SSII. Forum Financial Management LP purchased a new stake in SS Innovations International in the second quarter worth about $344,000. AlTi Global Inc. purchased a new stake in SS Innovations International in the second quarter worth about $121,000. Finally, Geode Capital Management LLC purchased a new stake in SS Innovations International in the second quarter worth about $122,000.

About SS Innovations International

(Get Free Report)

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.

See Also

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