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

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

SunLink Health Systems Price Performance

SunLink Health Systems stock opened at $0.91 on Tuesday. SunLink Health Systems has a 1-year low of $0.53 and a 1-year high of $1.91. The business has a fifty day moving average price of $0.85 and a 200-day moving average price of $0.83. The stock has a market capitalization of $6.43 million, a price-to-earnings ratio of -8.31 and a beta of 1.40.

SunLink Health Systems (NYSE:SSYGet Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.06) earnings per share for the quarter. The business had revenue of $7.92 million during the quarter. SunLink Health Systems had a negative return on equity of 16.60% and a negative net margin of 2.30%.

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.

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