SunLink Health Systems (NYSE:SSY) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSY) in a research note released on Saturday. The brokerage issued a hold rating on the stock.

SunLink Health Systems Price Performance

Shares of NYSE SSY opened at $0.75 on Friday. The firm has a market cap of $5.30 million, a price-to-earnings ratio of -0.73 and a beta of 1.39. The stock’s fifty day moving average price is $0.81 and its two-hundred day moving average price is $0.74. SunLink Health Systems has a one year low of $0.53 and a one year high of $1.05.

Institutional Trading of SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. lifted its stake in SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,565 shares of the company’s stock after buying an additional 30,449 shares during the period. Wittenberg Investment Management Inc. owned approximately 1.24% of SunLink Health Systems worth $81,000 as of its most recent filing with the Securities and Exchange Commission. 23.67% of the stock is owned by institutional investors and hedge funds.

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.