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

Key Points

• Shares gapped up: SS Innovations opened at $4.52 vs. a $4.30 close and was last trading around $4.38 (up ~5.9%), with a 50-day moving average of $4.56 and a 200-day of $5.80.
• Analyst sentiment is negative: Weiss Ratings reissued a "sell (e+)" and the consensus rating on MarketBeat is currently "Sell."
• Significant insider buying: Two directors bought 300,000 and 501,253 shares at about $3.99 each on March 6, and insiders purchased roughly 1.3 million shares (~$5.2M) over the past 90 days.

SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report)'s share price gapped up before the market opened on Monday . The stock had previously closed at $4.30, but opened at $4.52. SS Innovations International shares last traded at $4.3750, with a volume of 5,669 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a "sell (e+)" rating on shares of SS Innovations International in a report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Sell".

SS Innovations International Trading Up 5.9%

The firm has a market capitalization of $912.05 million and a price-to-earnings ratio of -76.00. The company has a fifty day moving average price of $4.56 and a two-hundred day moving average price of $5.80.

SS Innovations International (NASDAQ:SSII - Get Free Report) last issued its earnings results on Tuesday, March 10th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $14.53 million for the quarter. SS Innovations International had a negative return on equity of 30.23% and a negative net margin of 28.54%.

Insider Transactions at SS Innovations International

In related news, Director Timothy P. Adams bought 300,000 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average cost of $3.99 per share, for a total transaction of $1,197,000.00. Following the acquisition, the director directly owned 5,331,902 shares in the company, valued at approximately $21,274,288.98. This trade represents a 5.96% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frederic H. Moll bought 501,253 shares of the stock in a transaction dated Friday, March 6th. The shares were bought at an average price of $3.99 per share, for a total transaction of $1,999,999.47. Following the completion of the acquisition, the director owned 10,775,485 shares in the company, valued at approximately $42,994,185.15. The trade was a 4.88% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have purchased a total of 1,300,006 shares of company stock worth $5,196,999 in the last ninety days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SSII. Handelsbanken Fonder AB purchased a new position in SS Innovations International in the third quarter worth approximately $714,000. JNBA Financial Advisors purchased a new position in SS Innovations International in the fourth quarter worth approximately $498,000. Eversept Partners LP purchased a new position in SS Innovations International in the fourth quarter worth approximately $428,000. AlphaCentric Advisors LLC purchased a new position in SS Innovations International in the fourth quarter worth approximately $284,000. Finally, Inspire Investing LLC grew its position in SS Innovations International by 124.4% in the fourth quarter. Inspire Investing LLC now owns 82,773 shares of the company's stock worth $470,000 after acquiring an additional 45,886 shares during the period.

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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