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SS Innovations International (NASDAQ:SSII) Stock Price Down 7.4% - Time to Sell?

SS Innovations International logo with Business Services background

Key Points

  • SS Innovations International's stock dropped 7.4% mid-day, trading at $6.25 after reaching a low of $6.07, significantly lower than its previous close of $6.75.
  • Trading volume decreased by 73%, with only 30,825 shares exchanging hands compared to an average of 113,640 shares.
  • Several institutional investors recently acquired new stakes in SS Innovations International, indicating potential interest and shifts in the company's investment landscape.
  • Five stocks to consider instead of SS Innovations International.

SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report)'s share price dropped 7.4% during mid-day trading on Wednesday . The company traded as low as $6.07 and last traded at $6.25. Approximately 30,825 shares traded hands during trading, a decline of 73% from the average daily volume of 113,640 shares. The stock had previously closed at $6.75.

SS Innovations International Stock Performance

The company's fifty day moving average is $6.65.

Institutional Investors Weigh In On SS Innovations International

Several hedge funds and other institutional investors have recently made changes to their positions in SSII. Forum Financial Management LP bought a new stake in shares of SS Innovations International during the 2nd quarter valued at approximately $344,000. AlTi Global Inc. bought a new stake in shares of SS Innovations International during the 2nd quarter valued at approximately $121,000. Finally, Geode Capital Management LLC bought a new stake in shares of SS Innovations International during the 2nd quarter valued at approximately $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.

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