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

Investment analysts at StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSY) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

SunLink Health Systems Stock Performance

NYSE SSY opened at $0.85 on Tuesday. The stock has a 50-day simple moving average of $0.81 and a 200 day simple moving average of $0.75. SunLink Health Systems has a twelve month low of $0.53 and a twelve month high of $1.05. The stock has a market capitalization of $5.98 million, a PE ratio of -0.83 and a beta of 1.39.

SunLink Health Systems (NYSE:SSY) last posted its quarterly earnings data on Monday, September 30th. The company reported ($0.09) earnings per share 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 $7.91 million during the quarter.

Institutional Trading of SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. boosted its stake in SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,565 shares of the company’s stock after buying an additional 30,449 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 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.