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

Analysts at StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSY) in a report issued on Wednesday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Price Performance

Shares of SSY opened at $0.83 on Wednesday. SunLink Health Systems has a 1 year low of $0.53 and a 1 year high of $1.05. The stock has a 50 day simple moving average of $0.79 and a two-hundred day simple moving average of $0.75. The firm has a market cap of $5.84 million, a P/E ratio of -0.81 and a beta of 1.41.

SunLink Health Systems (NYSE:SSY) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. SunLink Health Systems had a negative net margin of 20.39% and a negative return on equity of 21.31%. The business had revenue of $7.46 million during the quarter.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. boosted its stake in SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 87,565 shares of the company’s stock after purchasing an additional 30,449 shares during the period. Wittenberg Investment Management Inc. owned about 1.24% of SunLink Health Systems worth $81,000 at the end of the most recent reporting period. 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.