SunLink Health Systems (NYSE:SSY) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of SunLink Health Systems (NYSE:SSY) in a research note released on Wednesday morning. The brokerage issued a hold rating on the stock.

SunLink Health Systems Stock Performance

Shares of SSY stock opened at $0.64 on Wednesday. The stock’s 50 day simple moving average is $0.74 and its 200 day simple moving average is $0.81. SunLink Health Systems has a twelve month low of $0.54 and a twelve month high of $1.11. The company has a market capitalization of $4.51 million, a price-to-earnings ratio of -0.68 and a beta of 1.36.

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 net margin of 16.69% and a negative return on equity of 18.36%. The company had revenue of $8.51 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. boosted its holdings in SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & 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 as of its most recent SEC filing. 23.67% of the stock is currently owned by institutional investors.

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.