SunLink Health Systems (NYSE:SSY) Earns Hold Rating from Analysts at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSYGet Free Report) in a research note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Price Performance

Shares of SSY opened at $0.76 on Friday. The stock has a market capitalization of $5.35 million, a price-to-earnings ratio of -0.74 and a beta of 1.41. SunLink Health Systems has a 1 year low of $0.53 and a 1 year high of $1.05. The business’s 50 day simple moving average is $0.68 and its 200-day simple moving average is $0.78.

SunLink Health Systems (NYSE:SSYGet Free Report) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.12) earnings per share (EPS) for the quarter. The firm had revenue of $7.46 million for the quarter. SunLink Health Systems had a negative return on equity of 21.31% and a negative net margin of 20.39%.

Hedge Funds Weigh In On SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. increased its stake in shares of SunLink Health Systems, Inc. (NYSE:SSYFree Report) by 53.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 87,565 shares of the company’s stock after purchasing an additional 30,449 shares during the quarter. Wittenberg Investment Management Inc. owned 1.24% of SunLink Health Systems worth $81,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 23.67% of the company’s stock.

About SunLink Health Systems

(Get Free Report)

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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