SS Innovations International (NASDAQ:SSII) Shares Gap Up - Time to Buy?

Key Points

• SS Innovations International's shares opened at $7.42 after a previous close of $6.76, indicating a significant shift in market activity.
• Despite the recent price increase of 5.9%, Weiss Ratings has maintained a "sell" rating on the stock, which currently holds a consensus rating of "Sell."
• Institutional investors such as Forum Financial Management LP and Geode Capital Management LLC have recently increased their stakes in SS Innovations International, signaling potential confidence in the company's future.

SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $6.76, but opened at $7.42. SS Innovations International shares last traded at $7.00, with a volume of 87,095 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a "sell (e+)" rating on shares of SS Innovations International in a research report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Sell".

SS Innovations International Stock Up 5.9%

The company's 50-day moving average is $6.51.

Hedge Funds Weigh In On SS Innovations International

Several institutional investors and hedge funds have recently modified their holdings of SSII. Forum Financial Management LP bought a new position in shares of SS Innovations International during the second quarter valued at $344,000. Geode Capital Management LLC bought a new position in shares of SS Innovations International during the second quarter valued at $122,000. Finally, AlTi Global Inc. bought a new position in shares of SS Innovations International during the second quarter valued at $121,000.

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.

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