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

Stock analysts at StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSY) in a research report issued to clients and investors on Sunday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Price Performance

SSY opened at $0.60 on Friday. The company’s 50-day moving average is $0.67 and its 200 day moving average is $0.80. SunLink Health Systems has a fifty-two week low of $0.53 and a fifty-two week high of $1.10. The firm has a market capitalization of $4.22 million, a P/E ratio of -0.58 and a beta of 1.39.

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

Institutional Trading of SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. raised its holdings in SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,116 shares of the company’s stock after purchasing an additional 17,938 shares during the period. Wittenberg Investment Management Inc. owned 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 and hedge funds.

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.