SunLink Health Systems (NYSE:SSY) Earns Hold Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSY) in a report issued on Tuesday. The brokerage issued a hold rating on the stock.

SunLink Health Systems Price Performance

NYSE:SSY opened at $0.81 on Tuesday. SunLink Health Systems has a one year low of $0.53 and a one year high of $1.05. The company has a market cap of $5.70 million, a PE ratio of -0.79 and a beta of 1.39. The firm has a 50-day moving average of $0.81 and a 200-day moving average of $0.75.

SunLink Health Systems (NYSE:SSY) last announced its earnings results on Monday, September 30th. The company reported ($0.09) earnings per share (EPS) for the quarter. The company had revenue of $7.91 million for the quarter. SunLink Health Systems had a negative net margin of 20.39% and a negative return on equity of 21.31%.

Institutional Investors Weigh In On SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. increased its position in SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 87,565 shares of the company’s stock after acquiring an additional 30,449 shares during the quarter. Wittenberg Investment Management Inc. owned about 1.24% of SunLink Health Systems worth $81,000 as of its most recent SEC filing. 23.67% of the stock is currently owned by institutional investors and hedge funds.

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.