SunLink Health Systems (NYSEAMERICAN:SSY) Stock Price Passes Above Two Hundred Day Moving Average of $0.92

SunLink Health Systems, Inc. (NYSEAMERICAN:SSY – Get Rating)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.92 and traded as high as $0.98. SunLink Health Systems shares last traded at $0.95, with a volume of 840 shares.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of SunLink Health Systems in a research note on Thursday, April 27th. They issued a “hold” rating for the company.

SunLink Health Systems Price Performance

The firm has a market capitalization of $6.68 million, a P/E ratio of -1.20 and a beta of 1.03. The stock’s 50-day simple moving average is $1.10 and its two-hundred day simple moving average is $0.92.

SunLink Health Systems (NYSEAMERICAN:SSY – Get Rating) last posted its quarterly earnings results on Tuesday, February 14th. The company reported $0.29 earnings per share for the quarter. SunLink Health Systems had a negative net margin of 13.15% and a negative return on equity of 26.31%. The business had revenue of $14.39 million during the quarter.

Hedge Funds Weigh In On SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Susquehanna International Group LLP grew its position in SunLink Health Systems, Inc. (NYSEAMERICAN:SSY – Get Rating) by 287.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,202 shares of the company’s stock after acquiring an additional 42,448 shares during the quarter. Susquehanna International Group LLP owned about 0.81% of SunLink Health Systems worth $63,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 16.26% of the company’s stock.

About SunLink Health Systems

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SunLink Health Systems, Inc engages in the provision of healthcare products and services. It operates through the following segments: Healthcare Services and Pharmacy. The Healthcare Services segment owns and operates a bed community hospital and bed nursing home Information Technology (IT) service company, and healthcare facilities, which are leased to third parties.