StockNews.com Initiates Coverage on SunLink Health Systems (NYSE:SSY)

Research analysts at StockNews.com began coverage on shares of SunLink Health Systems (NYSE:SSY) in a research note issued on Sunday. The firm set a “hold” rating on the stock.

SunLink Health Systems Price Performance

SunLink Health Systems stock opened at $0.79 on Friday. The firm has a market capitalization of $5.53 million, a P/E ratio of -0.76 and a beta of 1.39. SunLink Health Systems has a one year low of $0.53 and a one year high of $1.05. The business has a fifty day moving average price of $0.81 and a 200-day moving average price of $0.74.

Institutional Trading of SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. increased its stake in SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 87,565 shares of the company’s stock after purchasing an additional 30,449 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 1.24% of SunLink Health Systems worth $81,000 at the end of the most recent quarter. 23.67% of the stock is currently owned by hedge funds and other institutional investors.

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.