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

StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSY) in a research note released on Tuesday. The brokerage issued a hold rating on the stock.

SunLink Health Systems Trading Down 1.4 %

SSY opened at $0.68 on Tuesday. The stock has a market cap of $4.79 million, a PE ratio of -0.72 and a beta of 1.36. The stock’s fifty day simple moving average is $0.77 and its 200 day simple moving average is $0.82. SunLink Health Systems has a 1-year low of $0.54 and a 1-year high of $1.16.

SunLink Health Systems (NYSE:SSY) last announced its quarterly 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 for the quarter.

Institutional Trading of SunLink Health Systems

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

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.