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

Investment analysts at StockNews.com initiated coverage on shares of SunLink Health Systems (NYSE:SSY) in a report released on Wednesday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Price Performance

Shares of NYSE:SSY opened at $0.65 on Wednesday. The stock has a market cap of $4.58 million, a P/E ratio of -0.69 and a beta of 1.36. The firm has a fifty day moving average price of $0.75 and a 200 day moving average price of $0.81. SunLink Health Systems has a 1-year low of $0.54 and a 1-year high of $1.11.

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

Institutional Trading of SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. raised its position in SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 57,116 shares of the company’s stock after acquiring an additional 17,938 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.81% of SunLink Health Systems worth $46,000 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.