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

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

SunLink Health Systems Price Performance

SunLink Health Systems stock opened at $0.70 on Wednesday. The stock has a market cap of $4.90 million, a price-to-earnings ratio of -0.74 and a beta of 1.36. SunLink Health Systems has a 1 year low of $0.54 and a 1 year high of $1.14. The firm has a 50-day moving average of $0.76 and a two-hundred day moving average of $0.82.

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

Institutional Investors Weigh In On SunLink Health Systems

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