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

StockNews.com began coverage on shares of SunLink Health Systems (NYSE:SSY) in a research report sent to investors on Thursday. The brokerage issued a hold rating on the stock.

SunLink Health Systems Stock Performance

NYSE:SSY opened at $0.80 on Thursday. SunLink Health Systems has a 1 year low of $0.53 and a 1 year high of $1.05. The stock has a market cap of $5.63 million, a P/E ratio of -0.78 and a beta of 1.35. The stock has a 50-day simple moving average of $0.67 and a 200-day simple moving average of $0.78.

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

Institutional Investors Weigh In On SunLink Health Systems

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) by 53.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,565 shares of the company’s stock after purchasing an additional 30,449 shares during the period. Wittenberg Investment Management Inc. owned about 1.24% of SunLink Health Systems worth $81,000 at the end of the most recent reporting period. Institutional investors own 23.67% of the company’s stock.

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.