SS Innovations International (NASDAQ:SSII) Shares Up 8.9% - Should You Buy?

Key Points

• SS Innovations International's stock surged by 8.9% during trading, reaching a high of $10.00 before closing at $9.90.
• Despite the recent gain, Weiss Ratings reissued a "sell (e+)" rating, and the consensus on Wall Street remains a "Sell" for the stock.
• Multiple large investors have recently acquired positions in SS Innovations International, totaling investments of over $587,000 combined during the second quarter.

SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report) shot up 8.9% during trading on Wednesday . The stock traded as high as $10.00 and last traded at $9.90. 155,702 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 112,048 shares. The stock had previously closed at $9.09.

Wall Street Analysts Forecast Growth

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

SS Innovations International Stock Down 1.3%

The firm has a fifty day moving average of $6.56.

Hedge Funds Weigh In On SS Innovations International

A number of large investors have recently bought and sold shares of the business. AlTi Global Inc. purchased a new position in SS Innovations International during the 2nd quarter valued at $121,000. Geode Capital Management LLC purchased a new position in SS Innovations International during the 2nd quarter valued at $122,000. Finally, Forum Financial Management LP purchased a new position in SS Innovations International during the 2nd quarter valued at $344,000.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.