Skylight Health Group (NASDAQ:SLHG) Earns Outperform Rating from Analysts at Northland Securities

Stock analysts at Northland Securities initiated coverage on shares of Skylight Health Group (NASDAQ:SLHG) in a research note issued to investors on Thursday, The Fly reports. The firm set an “outperform” rating on the stock.

SLHG has been the subject of a number of other research reports. Raymond James cut their price target on shares of Skylight Health Group from C$9.00 to C$7.00 and set an “outperform” rating for the company in a report on Wednesday, August 18th. Echelon Wealth Partners reissued a “buy” rating on shares of Skylight Health Group in a research note on Monday, August 30th. Finally, Lake Street Capital assumed coverage on shares of Skylight Health Group in a research note on Monday, August 2nd. They issued a “buy” rating and a $8.00 price objective on the stock.

Shares of Skylight Health Group stock opened at $2.50 on Thursday. The stock’s fifty day moving average price is $2.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.60 and a current ratio of 1.60. The stock has a market cap of $97.22 million and a P/E ratio of -13.16. Skylight Health Group has a one year low of $2.00 and a one year high of $6.25.

Skylight Health Group (NASDAQ:SLHG) last announced its quarterly earnings results on Monday, August 16th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $8.56 million during the quarter. Skylight Health Group had a negative net margin of 63.94% and a negative return on equity of 57.94%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of Skylight Health Group in the second quarter worth approximately $71,000. Royal Bank of Canada acquired a new stake in shares of Skylight Health Group in the second quarter worth approximately $63,000. Finally, Virtu Financial LLC acquired a new stake in shares of Skylight Health Group in the second quarter worth approximately $58,000. 0.20% of the stock is currently owned by institutional investors and hedge funds.

About Skylight Health Group

Skylight Health Group, Inc engages in the operation of a proprietary electronic health record system. It offers primary care, sub-specialty, allied health, laboratory and diagnostic testing, and subscription-based telemedicine service It operates through the United States and Canada segments. The company was founded by Pradyum Sekar and Kashaf Qureshi in 2014 and is headquartered in Mississauga, Canada.

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