SunLink Health Systems (NYSE:SSY) Now Covered by Analysts at StockNews.com

Posted by Tyrone Williams on Apr 9th, 2024

Investment analysts at StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSY – Get Free Report) in a note issued to investors on Monday. The firm set a “hold” rating on the stock.

SunLink Health Systems Stock Performance

SunLink Health Systems stock opened at $0.71 on Monday. SunLink Health Systems has a one year low of $0.54 and a one year high of $1.16. The business has a fifty day moving average of $0.80 and a two-hundred day moving average of $0.82. The company has a market cap of $4.97 million, a P/E ratio of -0.75 and a beta of 1.36.

SunLink Health Systems (NYSE:SSY – Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported ($0.06) EPS for the quarter. SunLink Health Systems had a negative net margin of 16.69% and a negative return on equity of 18.36%. The business had revenue of $8.51 million during the quarter.

Institutional Investors Weigh In On SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. grew its position in SunLink Health Systems, Inc. (NYSE:SSY – Free Report) by 53.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,565 shares of the company’s stock after buying an additional 30,449 shares during the quarter. Wittenberg Investment Management Inc. owned 1.24% of SunLink Health Systems worth $81,000 at the end of the most recent quarter. 23.67% of the stock is owned by institutional investors and hedge funds.

SunLink Health Systems Company Profile

(Get Free Report)

SunLink Health Systems, Inc, through its subsidiaries, provides healthcare products and services in the southeastern United States. It operates in two segments, Healthcare Services and Pharmacy. The Healthcare Services segment owns and operates a 49-licensed-bed acute care hospital, which includes a 26-bed geriatric psychiatry unit; two clinics; and a 66-bed extended care and rehabilitation centre.