Stocks To Watch: SunLink Health Systems, Inc. (SSY) Is Creating Trading Opportunities

SunLink Health Systems, Inc. (SSY) has seen some recent activity in the market and its stock closed trading at $0.9497 yesterday. People are starting to take interest of SSY as the stock traded as high as $1.0700 and as low as $0.8000 in the prior market day.

SunLink Health Systems, Inc. (SSY) average trading volume is 86.55K. However, in the prior market day SunLink Health Systems, Inc. (SSY) exchanged 681,063 shares. The first support level on SSY is $0.82 and the first upside resistance level on SSY is $1.50. SSY 50-day moving average is $0.7518 and SSY 200day moving average is $1.0291.

SunLink Health Systems, Inc. (SSY) recent performance has been shown by the recent movement in SSY stock. SSY has performed 36.12% over the past month, SSY has performed -15.20% over the past quarter and SSY has shown -38.32% over the past 1 year. SunLink Health Systems, Inc. (SSY) has a 1 year range of $0.6000 to $1.6500. SunLink Health Systems, Inc. (SSY) is trading 58.27% from its 1 year low and -42.44% from its 1 year high. SunLink Health Systems, Inc. (SSY) is displaying a 0.28% short float displaying the amount short in the float.

SSY has 6.67M shares outstanding and 4.60M shares in the float. SunLink Health Systems, Inc. (SSY) at this time has a market cap of $6.34M and income of $-1.40M. The market cap of SunLink Health Systems, Inc. (SSY) at $6.34M signifies how many People own shares of SSY and is calculated off the last price ($0.9497) of SSY and the amount of shares outstanding (6.67M) with SunLink Health Systems, Inc. (SSY).

SunLink Health Systems, Inc. (SSY) has aggregate cash (mrq) of 4.61M, aggregate cash per share (mrq) of 0.66, aggregate debt of SSY is at 1.63M and aggregate debt/equity (mrq) is 11.06. SunLink Health Systems, Inc. (SSY) operational cash flow (ttm) is -2.01M and SSY leveraged free cash flow (ttm) is 52.38k.

SSY is trading 26.64% above (bullish) its SMA20, 15.32% above (bullish) its SMA50 and -18.27% below (bearish) its SMA200.

Recent News:

In recent news, on March 25, 2020, it was announced, SunLink Health Systems, Inc. Announces Suspension of Share Repurchase Program. In this news it stated, SunLink Health Systems, Inc. (NYSE American: SSY) announced today that it is suspending its Share Repurchase Program in light of the COVID-19 pandemic. SunLink’s management believes the suspension, while conservative, is prudent given uncertainty regarding the length and severity of the pandemic and potential uncertainty regarding the impact of the pandemic on the timeliness of reimbursement claims and payments under various Federal and state programs (e.g., Medicare and Medicaid) and from private payors. SunLink has the ability to reinstate repurchases as circumstances warrant subject to compliance with applicable SEC rules. The Company is unable to predict the impact of the continuation of the COVID-19 pandemic on the Company’s financial condition, results of operations, business, or prospects. Prior to its suspension, the Program was scheduled to expire at 4:00 PM, New York City Time, on June 1, 2020, unless further extended or earlier terminated.

About SunLink Health Systems, Inc. (SSY):

SunLink Health Systems, Inc. operates two business segments, the United States community hospital segment and the United Kingdom housewares segment. The U.