StockNews.com Begins Coverage on SunLink Health Systems (NYSE:SSY)

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

SunLink Health Systems Stock Performance

NYSE:SSY opened at $0.62 on Friday. The firm has a market cap of $4.36 million, a price-to-earnings ratio of -0.66 and a beta of 1.39. The firm has a 50-day moving average price of $0.71 and a two-hundred day moving average price of $0.81. SunLink Health Systems has a 52 week low of $0.54 and a 52 week high of $1.10.

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

Institutional Investors Weigh In On SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. boosted its position in SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 23.67% of the company’s stock.

SunLink Health Systems Company Profile

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.