Why Invest In Sunlink Health Systems Inc (SSY) Stock?

Sunlink Health Systems Inc (AMEX:SSY) has a beta value of 1.40 and has seen 1.57 million shares traded in the recent trading session. The company, currently valued at $7.78M, closed the recent trade at $1.10 per share which meant it gained $0.19 on the day or 20.88% during that session. The SSY stock price is -73.64% off its 52-week high price of $1.91 and 51.82% above the 52-week low of $0.53. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.31 million shares traded. The 3-month trading volume is 220.51K shares.

Sunlink Health Systems Inc (AMEX:SSY) trade information

Sporting 20.88% in the green today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the SSY stock price touched $1.10 or saw a rise of 9.47%. Year-to-date, Sunlink Health Systems Inc shares have moved 25.00%, while the 5-day performance has seen it change -10.57%. Over the past 30 days, the shares of Sunlink Health Systems Inc (AMEX:SSY) have changed 30.95%. Short interest in the company has seen 12363.0 shares shorted with days to cover at 0.74.

Sunlink Health Systems Inc (SSY) estimates and forecasts

The company’s shares have gained 37.48% over the past 6 months. If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -13.18% over the past 5 years.

SSY Dividends

Sunlink Health Systems Inc is expected to release its next earnings report in February this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Sunlink Health Systems Inc (AMEX:SSY)’s Major holders

Insiders own 23.27% of the company shares, while shares held by institutions stand at 13.44% with a share float percentage of 17.52%. Investors are also buoyed by the number of investors in a company, with Sunlink Health Systems Inc having a total of 13.0 institutions that hold shares in the company. The top two institutional holders are RENAISSANCE TECHNOLOGIES LLC with over 0.25 million shares worth more than $0.2 million. As of 2024-06-30, RENAISSANCE TECHNOLOGIES LLC held 3.6% of shares outstanding.

The other major institutional holder is BRIDGEWAY CAPITAL MANAGEMENT, LLC, with the holding of over 0.22 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.17 million and represent 3.0933% of shares outstanding.