SS Innovations International (NASDAQ:SSII) Shares Up 3.9% - Still a Buy?

Key Points

• SS Innovations International's stock price increased by 3.9% during mid-day trading, reaching a high of $5.77 before closing at $5.61.
• Trading volume was significantly low, with approximately 2,026 shares traded, which is a 98% decrease from the average daily volume of 112,164 shares.
• Several hedge funds have recently acquired new stakes in SS Innovations International, with Forum Financial Management LP investing $344,000 in the second quarter.

SS Innovations International, Inc. (NASDAQ:SSII - Get Free Report) was up 3.9% during trading on Tuesday . The company traded as high as $5.77 and last traded at $5.61. Approximately 2,026 shares traded hands during mid-day trading, a decline of 98% from the average daily volume of 112,164 shares. The stock had previously closed at $5.40.

SS Innovations International Price Performance

The company has a 50 day moving average price of $6.69.

Hedge Funds Weigh In On SS Innovations International

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

About SS Innovations International

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.