SS Innovations International (NASDAQ:SSII) Shares Down 6% – Here’s What Happened

Shares of SS Innovations International, Inc. (NASDAQ:SSII) fell 6% on Friday . The stock traded as low as $3.33 and last traded at $3.4010. 15,414 shares traded hands during mid-day trading, a decline of 79% from the average daily volume of 73,248 shares. The stock had previously closed at $3.62.

Wall Street Analysts Forecast Growth

SSII has been the subject of a number of research reports. Loop Capital set a $7.00 price target on shares of SS Innovations International in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of SS Innovations International from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SS Innovations International in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell” and a consensus price target of $7.00.

SS Innovations International Price Performance

The stock’s 50 day moving average is $3.92 and its 200-day moving average is $4.61. The company has a market capitalization of $668.43 million, a P/E ratio of -66.80 and a beta of -1.88.

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

Institutional Investors Weigh In On SS Innovations International

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SSII. PNC Financial Services Group Inc. purchased a new stake in shares of SS Innovations International in the 3rd quarter worth about $56,000. Jane Street Group LLC purchased a new position in SS Innovations International during the 4th quarter valued at about $63,000. IFC & Insurance Marketing Inc. bought a new stake in SS Innovations International during the fourth quarter worth about $64,000. Goldman Sachs Group Inc. bought a new stake in SS Innovations International during the fourth quarter worth about $68,000. Finally, Envestnet Asset Management Inc. purchased a new stake in SS Innovations International in the third quarter worth about $71,000.

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