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

Equities researchers at StockNews.com began coverage on shares of SunLink Health Systems (NYSE:SSYGet Free Report) in a report released on Tuesday. The firm set a “hold” rating on the stock.

SunLink Health Systems Price Performance

SSY opened at $0.69 on Tuesday. The business’s 50-day moving average price is $0.78 and its two-hundred day moving average price is $0.82. SunLink Health Systems has a 1 year low of $0.54 and a 1 year high of $1.16. The company has a market capitalization of $4.84 million, a price-to-earnings ratio of -0.73 and a beta of 1.36.

SunLink Health Systems (NYSE:SSYGet Free Report) last released its quarterly earnings results 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 firm had revenue of $8.51 million during the quarter.

Hedge Funds Weigh In On SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. grew its stake in SunLink Health Systems, Inc. (NYSE:SSYFree Report) by 53.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,565 shares of the company’s stock after acquiring an additional 30,449 shares during the period. Wittenberg Investment Management Inc. owned 1.24% of SunLink Health Systems worth $81,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.

Read More

Receive News & Ratings for SunLink Health Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SunLink Health Systems and related companies with MarketBeat.com's FREE daily email newsletter.