SunLink Health Systems (NYSE:SSY) Shares Down 2.1% – Here’s What Happened

Shares of SunLink Health Systems, Inc. (NYSE:SSY) dropped 2.1% during mid-day trading on Thursday . The company traded as low as $0.87 and last traded at $0.89. Approximately 63,618 shares changed hands during mid-day trading, a decline of 45% from the average daily volume of 115,130 shares. The stock had previously closed at $0.91.

Analyst Ratings Changes

Separately, Wall Street Zen initiated coverage on SunLink Health Systems in a research note on Wednesday, May 21st. They issued a “hold” rating for the company.

SunLink Health Systems Trading Down 2.1%

The firm has a market cap of $6.24 million, a PE ratio of 6.33 and a beta of 1.11. The stock has a 50 day simple moving average of $0.91 and a 200-day simple moving average of $0.93.

About SunLink Health Systems

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.