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

Posted by Faye Duncan on Jul 24th, 2024

StockNews.com began coverage on shares of SunLink Health Systems (NYSE:SSY – Free Report) in a report issued on Sunday morning. The firm issued a hold rating on the stock.

SunLink Health Systems Stock Up 2.0 %

SSY opened at $0.87 on Friday. The firm has a market cap of $6.10 million, a P/E ratio of -0.84 and a beta of 1.41. SunLink Health Systems has a 52 week low of $0.53 and a 52 week high of $1.05. The business has a fifty day simple moving average of $0.73 and a 200-day simple moving average of $0.76.

SunLink Health Systems (NYSE:SSY – Get Free Report) last announced its earnings results on Wednesday, May 15th. The company reported ($0.12) EPS for the quarter. SunLink Health Systems had a negative net margin of 20.39% and a negative return on equity of 21.31%. The firm had revenue of $7.46 million for the quarter.

Institutional Trading of SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. raised its stake in SunLink Health Systems, Inc. (NYSE:SSY – Free Report) by 53.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,565 shares of the company’s stock after purchasing an additional 30,449 shares during the period. Wittenberg Investment Management Inc. owned about 1.24% of SunLink Health Systems worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 23.67% of the stock is currently owned by hedge funds and other institutional investors.

About SunLink Health Systems

(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.