SunLink Health Systems (NYSE:SSY) Announces Earnings Results

SunLink Health Systems (NYSE:SSYGet Free Report) issued its earnings results on Wednesday. The company reported ($0.12) EPS for the quarter, reports. The company had revenue of $7.46 million for the quarter. SunLink Health Systems had a negative return on equity of 19.97% and a negative net margin of 20.39%.

SunLink Health Systems Price Performance

SSY stock opened at $0.62 on Friday. The stock has a 50-day moving average price of $0.69 and a two-hundred day moving average price of $0.80. SunLink Health Systems has a 12-month low of $0.53 and a 12-month high of $1.10.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. increased its stake in SunLink Health Systems, Inc. (NYSE:SSYFree Report) by 45.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,116 shares of the company’s stock after buying an additional 17,938 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.81% of SunLink Health Systems worth $46,000 as of its most recent filing with the SEC. 23.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of SunLink Health Systems in a report on Friday, May 10th. They set a “hold” rating for the company.

Check Out Our Latest Report on SunLink Health Systems

SunLink Health Systems Company Profile

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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.

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Earnings History for SunLink Health Systems (NYSE:SSY)

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