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Are we looking at the next big move in SunLink Health Systems Inc. (SSY)?

SunLink Health Systems Inc. (AMEX: SSY) is 126.77% higher on its value in year-to-date trading and has touched a low of $0.62 and a high of $7.62 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SSY stock was last observed hovering at around $2.78 in the last trading session, with the day’s gains setting it 0.1%.

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Currently trading at $2.88, the stock is 15.61% and 35.22% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 3.60% at the moment leaves the stock 115.81% off its SMA200. SSY registered 323.53% gain for a year compared to 6-month gain of 192.12%. The firm has a 50-day simple moving average (SMA 50) of $2.3258 and a 200-day simple moving average (SMA200) of $1.5250.

The stock witnessed a 72.46% loss in the last 1 month and extending the period to 3 months gives it a 126.77%, and is 16.13% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 14.73% over the week and 17.30% over the month.

SunLink Health Systems Inc. (SSY) has around 1376 employees, a market worth around $19.47M and $43.90M in sales. Current P/E ratio is 9.00. Profit margin for the company is 4.30%. Distance from 52-week low is 363.92% and -62.20% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.40%).

SunLink Health Systems Inc. is expected to release its quarterly report on 09/30/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to grow by 69.80% this year.

SunLink Health Systems Inc. (SSY) Top Institutional Holders

16 institutions hold shares in SunLink Health Systems Inc. (SSY), with 2.16M shares held by insiders accounting for 31.28% while institutional investors hold 24.63% of the company’s shares. The shares outstanding are 6.90M, and float is at 4.52M with Short Float at 0.20%. Institutions hold 16.92% of the Float.

The top institutional shareholder in the company is Wittenberg Investment Management, Inc. with over 0.53 million shares valued at $0.67 million. The investor’s holdings represent 7.66% of the SSY Shares outstanding. As of Dec 30, 2020, the second largest holder is Renaissance Technologies, LLC with 0.32 million shares valued at $0.41 million to account for 4.67% of the shares outstanding. The other top investors are Vanguard Group, Inc. (The) which holds 57952.0 shares representing 0.84% and valued at over $73599.0, while Granite Investment Partners, LLC holds 0.73% of the shares totaling 50147.0 with a market value of $63686.0.

SunLink Health Systems Inc. (SSY) Insider Activity

A total of 16 insider transactions have happened at SunLink Health Systems Inc. (SSY) in the last six months, with sales accounting for 15 and purchases happening 1 times. The most recent transaction is an insider sale by MILLS CHRISTOPHER H B ,the company’sDirector. SEC filings show that MILLS CHRISTOPHER H B sold 30,912 shares of the company’s common stock on Feb 23 at a price of $1.96 per share for a total of $60495.0. Following the sale, the insider now owns 0.0 shares.

SunLink Health Systems Inc. disclosed in a document filed with the SEC on Feb 22 that MILLS CHRISTOPHER H B (Director) sold a total of 500,000 shares of the company’s common stock. The trade occurred on Feb 22 and was made at $2.93 per share for $1.46 million. Following the transaction, the insider now directly holds 30912.0 shares of the SSY stock.

Still, SEC filings show that on Feb 19, BAILEYS STEVEN J (Director) disposed off 100,000 shares at an average price of $2.31 for $0.23 million. The insider now directly holds 521,244 shares of SunLink Health Systems Inc. (SSY).

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SunLink Health Systems Inc. (SSY): Who are the competitors?

The company’s main competitors (and peers) include Community Health Systems Inc. (CYH) that is trading 318.33% up over the past 12 months and HCA Healthcare Inc. (HCA) that is 124.08% higher over the same period. Tenet Healthcare Corporation (THC) is 284.91% up on the 1-year trading charts. Short interest in the company’s stock has fallen -63.82% from the last report on Feb 11, 2021 to stand at a total of 15170.0 short shares sold with a short interest ratio of 0.01.

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