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

StockNews.com initiated coverage on shares of SunLink Health Systems (NYSE:SSY) in a report published on Wednesday. The brokerage issued a hold rating on the stock.

SunLink Health Systems Price Performance

SSY opened at $0.64 on Wednesday. The company has a market cap of $4.51 million, a price-to-earnings ratio of -0.68 and a beta of 1.36. The firm has a 50 day simple moving average of $0.74 and a 200 day simple moving average of $0.81. SunLink Health Systems has a fifty-two week low of $0.54 and a fifty-two week high of $1.11.

SunLink Health Systems (NYSE:SSY) last issued 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 firm had revenue of $8.51 million during the quarter.

Institutional Inflows and Outflows

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

About SunLink Health Systems

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.