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

StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSYFree Report) in a report released on Tuesday morning. The brokerage issued a hold rating on the stock.

SunLink Health Systems Trading Down 1.4 %

NYSE SSY opened at $0.68 on Tuesday. The firm has a market cap of $4.79 million, a price-to-earnings ratio of -0.72 and a beta of 1.36. The company has a 50 day moving average of $0.77 and a 200-day moving average of $0.82. SunLink Health Systems has a 1-year low of $0.54 and a 1-year high of $1.16.

SunLink Health Systems (NYSE:SSYGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.06) earnings per share for the quarter. SunLink Health Systems had a negative net margin of 16.69% and a negative return on equity of 18.36%. The company had revenue of $8.51 million during the quarter.

Institutional Trading of SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. lifted its holdings in shares of SunLink Health Systems, Inc. (NYSE:SSYFree Report) by 53.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,565 shares of the company’s stock after buying an additional 30,449 shares during the quarter. 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 owned by hedge funds and other institutional investors.

About SunLink Health Systems

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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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