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

Research analysts at StockNews.com began coverage on shares of SunLink Health Systems (NYSE:SSY) in a note issued to investors on Wednesday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Stock Performance

SSY opened at $0.65 on Wednesday. The stock has a 50-day moving average price of $0.75 and a 200-day moving average price of $0.81. SunLink Health Systems has a 12-month low of $0.54 and a 12-month high of $1.11. The stock has a market capitalization of $4.58 million, a P/E ratio of -0.69 and a beta of 1.36.

SunLink Health Systems (NYSE:SSY) last released its earnings results on Tuesday, February 13th. The company reported ($0.06) earnings per share for the quarter. The company 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. raised its holdings in shares of SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,116 shares of the company’s stock after purchasing an additional 17,938 shares during the period. Wittenberg Investment Management Inc. owned 0.81% of SunLink Health Systems worth $46,000 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

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.