SunLink Health Systems (NYSE:SSY – Get Free Report) posted its earnings results on Monday. The company reported ($0.09) earnings per share (EPS) for the quarter, reports. The business had revenue of $7.91 million for the quarter. SunLink Health Systems had a negative net margin of 20.39% and a negative return on equity of 21.31%.
SunLink Health Systems Stock Performance
NYSE SSY traded up $0.02 on Wednesday, reaching $0.85. 10,977 shares of the company’s stock traded hands, compared to its average volume of 16,299. The firm has a market cap of $5.98 million, a price-to-earnings ratio of -0.80 and a beta of 1.39. The stock has a 50 day moving average price of $0.81 and a 200-day moving average price of $0.74. SunLink Health Systems has a fifty-two week low of $0.53 and a fifty-two week high of $1.05.
Wall Street Analyst Weigh In
Separately, StockNews.com initiated coverage on shares of SunLink Health Systems in a research report on Tuesday. They set a “hold” rating for the company.
Institutional Inflows and Outflows
An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. grew its position in SunLink Health Systems, Inc. (NYSE:SSY – Free Report) by 53.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,565 shares of the company’s stock after acquiring 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 quarter. 23.67% of the stock is currently owned by hedge funds and other institutional investors.
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.
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