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SS Innovations International (NASDAQ:SSII) Trading Up 17.1% - Here's Why

SS Innovations International logo with Business Services background

Key Points

  • SS Innovations International's stock price surged by 17.1%, closing at $7.54, significantly increasing trading volume to 106,714 shares.
  • Institutional investors are showing interest, with notable purchases by Forum Financial Management, Geode Capital Management, and AlTi Global, amounting to over $580,000 in combined investments.
  • The company, formerly known as AVRA Surgical Microsystems, focuses on developing medical robotic devices through a research collaboration with the University of Central Florida.
  • Five stocks we like better than SS Innovations International.

SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report) shares rose 17.1% on Thursday . The company traded as high as $7.80 and last traded at $7.54. Approximately 106,714 shares were traded during mid-day trading, an increase of 110% from the average daily volume of 50,867 shares. The stock had previously closed at $6.44.

SS Innovations International Stock Performance

The firm's fifty day simple moving average is $6.42.

Institutional Investors Weigh In On SS Innovations International

Hedge funds and other institutional investors have recently bought and sold shares of the stock. AlTi Global Inc. acquired a new stake in SS Innovations International during the 2nd quarter worth $121,000. Geode Capital Management LLC acquired a new stake in SS Innovations International during the 2nd quarter worth $122,000. Finally, Forum Financial Management LP acquired a new stake in SS Innovations International during the 2nd quarter worth $344,000.

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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