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

Equities research analysts at StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSYGet Free Report) in a note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Stock Performance

SSY stock opened at $0.78 on Thursday. The firm has a 50 day simple moving average of $0.88 and a 200 day simple moving average of $0.85. SunLink Health Systems has a 52 week low of $0.54 and a 52 week high of $1.24. The stock has a market cap of $5.46 million, a P/E ratio of -0.82 and a beta of 1.38.

SunLink Health Systems (NYSE:SSYGet Free Report) last posted its earnings results on Tuesday, February 13th. The company reported ($0.06) EPS for the quarter. The business had revenue of $8.51 million during the quarter. SunLink Health Systems had a negative return on equity of 18.36% and a negative net margin of 16.69%.

Institutional Trading of SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Susquehanna International Group LLP increased its holdings in shares of SunLink Health Systems, Inc. (NYSE:SSYFree Report) by 287.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 57,202 shares of the company’s stock after acquiring an additional 42,448 shares during the period. Susquehanna International Group LLP owned about 0.81% of SunLink Health Systems worth $63,000 at the end of the most recent reporting period. 15.63% of the stock is owned by institutional investors and hedge funds.

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.

Further Reading

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