Why is SunLink Health Systems Inc. (SSY) up 111.67% from the day 1 this year?

SunLink Health Systems Inc. (SSY) is priced at $2.13 after the most recent trading session. At the very opening of the session, the stock price was $2.53 and reached a high price of $3.30, prior to closing the session it reached the value of $2.54. The stock touched a low price of $2.44.

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Recently in News on February 16, 2021, SunLink Health Systems, Inc. Announces Fiscal 2021 Second Quarter Results, Recognition of a Portion of Provider Relief Funds Received, and COVID-19 Update. SunLink Health Systems, Inc. (NYSE American: SSY) today announced earnings from continuing operations of $3,146,000 ($0.46 per fully diluted share) for its second fiscal quarter ended December 31, 2020 compared to earnings of $203,000 ($0.03 per fully diluted share) for the quarter ended December 31, 2019. Net earnings for the quarter ended December 31, 2020 were $3,074,000 ($0.45 per fully diluted share) compared to a net loss of $42,000 (a loss of $0.01 per fully diluted share) for the quarter ended December 31, 2019. The current fiscal year’s quarter included pre-tax income of $3,417,000 related to Provider Relief Funds received between April 1 and December 31, 2020. You can read further details here

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SunLink Health Systems Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $3.30 on 02/22/21, with the lowest value was $1.25 for the same time period, recorded on 01/04/21.

SunLink Health Systems Inc. (SSY) full year performance was 111.67%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, SunLink Health Systems Inc. shares are logging -35.48% during the 52-week period from high price, and 254.77% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.60 and $3.30.

The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 597277 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the SunLink Health Systems Inc. (SSY) recorded performance in the market was 100.00%, having the revenues showcasing 101.59% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 16.33M, as it employees total of 1376 workers.

Market experts do have their say about SunLink Health Systems Inc. (SSY)

During the last month, 0 analysts gave the SunLink Health Systems Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 1.35, with a change in the price was noted +1.05. In a similar fashion, SunLink Health Systems Inc. posted a movement of +108.27% for the period of last 100 days, recording 284,619 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SSY is recording 0.21 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.11.

Technical breakdown of SunLink Health Systems Inc. (SSY)

Raw Stochastic average of SunLink Health Systems Inc. in the period of last 50 days is set at 43.37%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 30.45%. In the last 20 days, the company’s Stochastic %K was 52.95% and its Stochastic %D was recorded 60.19%.

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Bearing in mind the latest performance of SunLink Health Systems Inc., several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 100.00%. Additionally, trading for the stock in the period of the last six months notably improved by 155.30%, alongside a boost of 111.67% for the period of the last 12 months. The shares increased approximately by 13.90% in the 7-day charts and went down by 64.94% in the period of the last 30 days. Common stock shares were driven by 101.59% during last recorded quarter.

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