SunLink Health Systems (NYSE:SSY) Coverage Initiated by Analysts at StockNews.com

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

SunLink Health Systems Price Performance

Shares of NYSE SSY opened at $0.64 on Wednesday. SunLink Health Systems has a fifty-two week low of $0.54 and a fifty-two week high of $1.11. The business has a fifty day moving average price of $0.74 and a two-hundred day moving average price of $0.81. The stock has a market capitalization of $4.51 million, a PE ratio of -0.68 and a beta of 1.36.

SunLink Health Systems (NYSE:SSY) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.06) earnings per share (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.

Hedge Funds Weigh In On SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. grew 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 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 approximately 0.81% of SunLink Health Systems worth $46,000 as of its most recent SEC filing. 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.