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

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

SunLink Health Systems Stock Down 3.0 %

NYSE:SSY opened at $0.64 on Thursday. SunLink Health Systems has a 52 week low of $0.54 and a 52 week high of $1.10. The stock’s fifty day moving average is $0.72 and its two-hundred day moving average is $0.81. The stock has a market capitalization of $4.51 million, a price-to-earnings ratio of -0.68 and a beta of 1.39.

SunLink Health Systems (NYSE:SSY) last posted its quarterly earnings data on Tuesday, February 13th. The company reported ($0.06) EPS for the quarter. The business had revenue of $8.51 million during the quarter. SunLink Health Systems had a negative net margin of 16.69% and a negative return on equity of 18.36%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. boosted its stake in SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,116 shares of the company’s stock after acquiring an additional 17,938 shares during the period. Wittenberg Investment Management Inc. owned about 0.81% of SunLink Health Systems worth $46,000 as of its most recent SEC filing. Institutional investors and hedge funds 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.