SS Innovations International (NASDAQ:SSII) Rating Increased to Hold at Wall Street Zen

SS Innovations International (NASDAQ:SSII) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

SSII has been the subject of several other research reports. Loop Capital set a $7.00 price objective on shares of SS Innovations International in a research note on Wednesday, June 3rd. Weiss Ratings reiterated a “sell (e+)” rating on shares of SS Innovations International in a research report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell” and an average price target of $7.00.

SS Innovations International Trading Down 7.7%

Shares of SS Innovations International stock opened at $3.34 on Friday. The company has a fifty day simple moving average of $3.92 and a 200-day simple moving average of $4.61. SS Innovations International has a 12-month low of $3.11 and a 12-month high of $10.00. The stock has a market cap of $668.43 million, a price-to-earnings ratio of -66.80 and a beta of -1.88.

SS Innovations International (NASDAQ:SSII) last posted its earnings results on Wednesday, May 13th. The company reported ($0.02) EPS for the quarter. SS Innovations International had a negative net margin of 20.69% and a negative return on equity of 23.00%. The company had revenue of $11.10 million during the quarter.

Hedge Funds Weigh In On SS Innovations International

A number of institutional investors have recently modified their holdings of the business. Handelsbanken Fonder AB raised its position in SS Innovations International by 9.3% in the 4th quarter. Handelsbanken Fonder AB now owns 120,000 shares of the company’s stock valued at $682,000 after purchasing an additional 10,198 shares during the last quarter. Eversept Partners LP boosted its stake in SS Innovations International by 46.2% during the 1st quarter. Eversept Partners LP now owns 110,157 shares of the company’s stock worth $551,000 after purchasing an additional 34,799 shares during the period. Inspire Investing LLC grew its position in SS Innovations International by 26.4% during the 1st quarter. Inspire Investing LLC now owns 104,624 shares of the company’s stock worth $523,000 after purchasing an additional 21,851 shares during the last quarter. JNBA Financial Advisors purchased a new position in SS Innovations International during the 4th quarter worth $498,000. Finally, AlphaCentric Advisors LLC purchased a new position in SS Innovations International during the 4th quarter worth $284,000.

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. AVRA Medical Robotics, Inc was founded in 2015 and is based in Orlando, Florida.