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SS Innovations International (NASDAQ:SSII) Stock Price Up 17.1% - Still a Buy?

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.
  • Looking to export and analyze SS Innovations International data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report) rose 17.1% during trading on Thursday . The company traded as high as $7.80 and last traded at $7.54. Approximately 106,714 shares changed hands during 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 50 day moving average is $6.15.

Institutional Trading of SS Innovations International

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

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.

Further Reading

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.

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