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

Equities research analysts at StockNews.com began coverage on shares of SunLink Health Systems (NYSE:SSY) in a report issued on Wednesday. The firm set a “hold” rating on the stock.

SunLink Health Systems Stock Performance

SSY stock opened at $0.70 on Wednesday. SunLink Health Systems has a 52-week low of $0.54 and a 52-week high of $1.14. The firm has a market capitalization of $4.90 million, a price-to-earnings ratio of -0.74 and a beta of 1.36. The firm has a 50 day moving average price of $0.76 and a 200-day moving average price of $0.82.

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. grew its position in shares of SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,116 shares of the company’s stock after purchasing an additional 17,938 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.81% of SunLink Health Systems worth $46,000 at the end of the most recent reporting period. 23.67% of the stock is currently owned by hedge funds and other institutional investors.

About SunLink Health Systems

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.