SunLink Health Systems (NYSE:SSY) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSY) in a report published on Friday morning. The brokerage issued a hold rating on the stock.

SunLink Health Systems Price Performance

Shares of NYSE:SSY traded up $0.01 during mid-day trading on Friday, reaching $0.63. 9,032 shares of the company were exchanged, compared to its average volume of 12,178. The firm has a market cap of $4.44 million, a price-to-earnings ratio of -0.67 and a beta of 1.39. SunLink Health Systems has a 1 year low of $0.53 and a 1 year high of $1.10. The firm’s 50-day simple moving average is $0.71 and its 200 day simple moving average is $0.80.

SunLink Health Systems (NYSE:SSY) last released its quarterly earnings results on Tuesday, February 13th. The company reported ($0.06) EPS for the quarter. The firm 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 Trading of SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. increased its stake in SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,565 shares of the company’s stock after acquiring an additional 30,449 shares during the period. Wittenberg Investment Management Inc. owned approximately 1.24% of SunLink Health Systems worth $81,000 at the end of the most recent reporting period. 23.67% of the stock is 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.