SunLink Health Systems (NYSE:SSY) Research Coverage Started at StockNews.com

Posted by Renee Jackson on Apr 19th, 2024

StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSY – Free Report) in a research report sent to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

SunLink Health Systems Trading Down 1.4 %

NYSE:SSY opened at $0.68 on Tuesday. The firm has a market capitalization of $4.79 million, a PE ratio of -0.72 and a beta of 1.36. The stock has a 50 day moving average of $0.77 and a 200-day moving average of $0.82. SunLink Health Systems has a 52 week low of $0.54 and a 52 week high of $1.16.

SunLink Health Systems (NYSE:SSY – Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.06) earnings per share (EPS) for the quarter. The business 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%.

Hedge Funds Weigh In On SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. boosted its position in SunLink Health Systems, Inc. (NYSE:SSY – Free Report) by 45.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 57,116 shares of the company’s stock after purchasing an additional 17,938 shares during the period. Wittenberg Investment Management Inc. owned approximately 0.81% of SunLink Health Systems worth $46,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 23.67% of the company’s stock.

SunLink Health Systems Company Profile

(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.