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

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

SunLink Health Systems Trading Up 5.3 %

Shares of NYSE:SSY opened at $0.80 on Thursday. The company has a 50-day moving average price of $0.67 and a 200-day moving average price of $0.78. The company has a market cap of $5.63 million, a price-to-earnings ratio of -0.78 and a beta of 1.35. SunLink Health Systems has a 12 month low of $0.53 and a 12 month high of $1.05.

SunLink Health Systems (NYSE:SSY) last announced its quarterly earnings results 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 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. lifted its stake in SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 1.24% of SunLink Health Systems worth $81,000 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.