SS Innovations International (NASDAQ:SSII) Trading 11.4% Higher - Time to Buy?

Key Points

• SS Innovations International's stock price saw an increase of 11.4% during trading, with shares last priced at $7.24, recovering from a prior close of $6.50.
• Institutional investors are actively engaging, with Geode Capital Management, Forum Financial Management, and AlTi Global acquiring new stakes in the company during the second quarter.
• The company, previously known as AVRA Surgical Microsystems, focuses on developing medical surgical devices and has a research agreement with the University of Central Florida for advancing medical robotics technologies.

SS Innovations International, Inc. (NASDAQ:SSII - )'s stock price traded up 11.4% during trading on Wednesday . The stock traded as high as $7.24 and last traded at $7.24. 62,379 shares changed hands during mid-day trading, a decline of 42% from the average session volume of 108,471 shares. The stock had previously closed at $6.50.

SS Innovations International Stock Performance

The business's fifty day simple moving average is $6.52.

Institutional Investors Weigh In On SS Innovations International

Hedge funds have recently modified their holdings of the company. Geode Capital Management LLC purchased a new stake in shares of SS Innovations International during the 2nd quarter worth about $122,000. Forum Financial Management LP purchased a new stake in shares of SS Innovations International during the 2nd quarter worth about $344,000. Finally, AlTi Global Inc. acquired a new position in shares of SS Innovations International during the 2nd quarter worth about $121,000.

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.

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