Free Trial

SS Innovations International (NASDAQ:SSII) Shares Down 8% - Time to Sell?

SS Innovations International logo with Business Services background

Key Points

  • SS Innovations International's stock fell by 8% on Monday, dropping to a trading price of $6.23 with a significant decline in share volume of 91% compared to average daily trading.
  • Large investors have recently increased their stakes in SS Innovations, with Forum Financial Management LP leading by acquiring a position worth about $344,000.
  • The company, formerly known as AVRA Surgical Microsystems, focuses on developing medical surgical devices and is collaborating with the University of Central Florida in related research.
  • Interested in SS Innovations International? Here are five stocks we like better.

SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report)'s share price was down 8% during mid-day trading on Monday . The company traded as low as $6.20 and last traded at $6.23. Approximately 11,177 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 124,151 shares. The stock had previously closed at $6.77.

SS Innovations International Trading Down 0.9%

The stock's 50-day moving average price is $5.95.

Institutional Investors Weigh In On SS Innovations International

Several institutional investors and hedge funds have recently made changes to their positions in the company. AlTi Global Inc. bought a new position in SS Innovations International in the 2nd quarter valued at approximately $121,000. Geode Capital Management LLC bought a new stake in shares of SS Innovations International in the 2nd quarter worth $122,000. Finally, Forum Financial Management LP purchased a new position in shares of SS Innovations International in the second quarter worth $344,000.

SS Innovations International Company Profile

(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.

Read More

Should You Invest $1,000 in SS Innovations International Right Now?

Before you consider SS Innovations International, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SS Innovations International wasn't on the list.

While SS Innovations International currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Reduce the Risk Cover

Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Hot Stocks to Buy Now: September’s Top Picks With Major Momentum
$15 Billion for Cybersecurity: The Government’s Next Big Push
Tesla’s Future Unleashed: Elon’s Robotics Move Changes Everything

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines