Let’s start up with the current stock price of SunLink Health Systems Inc. (SSY), which is $2.44 to be very precise. The Stock rose vividly during the last session to $2.50 after opening rate of $2.18 while the lowest price it went was recorded $2.18 before closing at $2.09.
Recently in News on March 15, 2021, Sunlink Health Systems, Inc. Announces $2 Million Expansion, Capital and Operating Improvements at Trace Regional Hospital. SunLink Health Systems, Inc. (NYSE American: SSY) announced today that its wholly-owned subsidiary, Trace Regional Hospital, has implemented its Trace Forward Capital Plan totaling approximately $2 million to expand, upgrade and improve its physical plant, patient care, ancillary services and support areas. The Trace Forward Capital Plan includes an 8-bed expansion of its Pathways Care Program, a geriatric behavioral health service, which will bring Pathways to 26 total beds. The Plan also features modernized, acute care patient rooms with renovated support areas, a complete hospital-wide replacement and upgrade of its heating and air conditioning systems, replacement of a substantial portion of the building roof, enhanced Women’s services equipment, new diagnostic equipment, additional information technology equipment and improved IT security services. In connection of these improvements Trace has recently added new ultrasound equipment and expanded telemedicine services to augment its existing digital mammography capabilities. You can read further details here
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 $7.62 on 03/16/21, 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 249.69%
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 -67.98% during the 52-week period from high price, and 287.30% 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 $0.63 and $7.62.
The company’s shares, operating in the sector of Healthcare managed to top a trading volume set approximately around 1832790 for the day, which was evidently lower, 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 92.13%, having the revenues showcasing 78.10% 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 18.37M, as it employees total of 1376 workers.
Analysts verdict on 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 1.79, with a change in the price was noted +1.19. In a similar fashion, SunLink Health Systems Inc. posted a movement of +95.20% for the period of last 100 days, recording 2,512,201 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.
SunLink Health Systems Inc. (SSY): Technical Analysis
Raw Stochastic average of SunLink Health Systems Inc. in the period of last 50 days is set at 15.22%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 18.52%. In the last 20 days, the company’s Stochastic %K was 13.56% and its Stochastic %D was recorded 13.32%.
Let’s take a glance in the erstwhile performances of SunLink Health Systems Inc., multiple 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 92.13%. Additionally, trading for the stock in the period of the last six months notably improved by 128.04%, alongside a boost of 249.69% for the period of the last 12 months. The shares increased approximately by -12.23% in the 7-day charts and went down by 26.42% in the period of the last 30 days. Common stock shares were driven by 78.10% during last recorded quarter.