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

StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSYFree Report) in a report published on Thursday. The firm issued a hold rating on the stock.

SunLink Health Systems Stock Performance

Shares of NYSE:SSY opened at $0.64 on Thursday. The business’s 50-day simple moving average is $0.72 and its 200 day simple moving average is $0.81. The company has a market cap of $4.51 million, a P/E ratio of -0.68 and a beta of 1.39. SunLink Health Systems has a one year low of $0.54 and a one year high of $1.10.

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

Hedge Funds Weigh In On SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. lifted its holdings in shares of SunLink Health Systems, Inc. (NYSE:SSYFree Report) by 45.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 57,116 shares of the company’s stock after buying 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 owned by institutional investors.

About SunLink Health Systems

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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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