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

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

SunLink Health Systems Stock Performance

NYSE:SSY opened at $0.74 on Wednesday. The firm’s 50-day moving average is $0.67 and its 200-day moving average is $0.79. SunLink Health Systems has a 52-week low of $0.53 and a 52-week high of $1.05. The company has a market cap of $5.21 million, a price-to-earnings ratio of -0.72 and a beta of 1.35.

SunLink Health Systems (NYSE:SSY) last posted 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 return on equity of 21.31% and a negative net margin of 20.39%. The company had revenue of $7.46 million for 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% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. 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 about 0.81% of SunLink Health Systems worth $46,000 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.