StockNews.com Initiates Coverage on SunLink Health Systems (NYSE:SSY)

Investment analysts at StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSY) in a research report issued on Tuesday. The firm set a “hold” rating on the stock.

SunLink Health Systems Stock Performance

SSY opened at $0.69 on Tuesday. SunLink Health Systems has a twelve month low of $0.54 and a twelve month high of $1.16. The firm has a market cap of $4.86 million, a price-to-earnings ratio of -0.73 and a beta of 1.36. The company has a fifty day simple moving average of $0.78 and a 200 day simple moving average of $0.82.

SunLink Health Systems (NYSE:SSY) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. SunLink Health Systems had a negative return on equity of 18.36% and a negative net margin of 16.69%. The business had revenue of $8.51 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. raised its holdings in shares of SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,116 shares of the company’s stock after purchasing an additional 17,938 shares during the period. Wittenberg Investment Management Inc. owned about 0.81% of SunLink Health Systems worth $46,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 23.67% of the company’s stock.

SunLink Health Systems Company Profile

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.