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

Equities research analysts at StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSY) in a note issued to investors on Tuesday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Price Performance

Shares of NYSE SSY opened at $0.69 on Tuesday. The firm has a market cap of $4.86 million, a price-to-earnings ratio of -0.73 and a beta of 1.36. The stock’s fifty day moving average price is $0.78 and its two-hundred day moving average price is $0.82. SunLink Health Systems has a one year low of $0.54 and a one year high of $1.16.

SunLink Health Systems (NYSE:SSY) last issued its quarterly earnings data 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 Inflows and Outflows

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. raised its stake in SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,565 shares of the company’s stock after acquiring an additional 30,449 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 1.24% of SunLink Health Systems worth $81,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 23.67% of the company’s stock.

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.