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

by · The Cerbat Gem

Equities research analysts at StockNews.com initiated coverage on shares of SunLink Health Systems (NYSE:SSY – Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

SunLink Health Systems Stock Up 2.6 %

SunLink Health Systems stock opened at $0.85 on Tuesday. SunLink Health Systems has a 12-month low of $0.53 and a 12-month high of $1.05. The stock has a 50-day simple moving average of $0.81 and a 200 day simple moving average of $0.75. The stock has a market capitalization of $5.98 million, a price-to-earnings ratio of -0.83 and a beta of 1.39.

SunLink Health Systems (NYSE:SSY – Get Free Report) last announced its earnings results on Monday, September 30th. The company reported ($0.09) earnings per share for the quarter. SunLink Health Systems had a negative return on equity of 21.31% and a negative net margin of 20.39%. The company had revenue of $7.91 million during the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. lifted its position in shares of SunLink Health Systems, Inc. (NYSE:SSY – Free Report) by 53.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 at the end of the most recent reporting period. 23.67% of the stock is owned by hedge funds and other institutional investors.

About SunLink Health Systems

(Get Free Report)

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.

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