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

Posted by on Jun 25th, 2023

StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSY – Get Rating) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

SunLink Health Systems Trading Down 2.1 %

Shares of NYSE SSY opened at $0.86 on Friday. SunLink Health Systems has a one year low of $0.53 and a one year high of $2.10. The firm has a market capitalization of $6.05 million, a PE ratio of -2.21 and a beta of 1.17. The business has a 50-day moving average price of $0.98 and a two-hundred day moving average price of $0.95.

SunLink Health Systems (NYSE:SSY – Get Rating) last posted its quarterly earnings results on Wednesday, May 10th. The company reported ($0.10) earnings per share for the quarter. SunLink Health Systems had a negative return on equity of 13.51% and a negative net margin of 5.84%. The firm had revenue of $11.53 million for the quarter.

Institutional Investors Weigh In On SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Susquehanna International Group LLP lifted its stake in SunLink Health Systems, Inc. (NYSE:SSY – Get Rating) by 287.7% during the first quarter, according to 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 0.81% of SunLink Health Systems worth $63,000 at the end of the most recent reporting period. 14.93% of the stock is currently owned by institutional investors.

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; four clinics; and a 66-bed extended care and rehabilitation centre.

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