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

StockNews.com began coverage on shares of SunLink Health Systems (NYSE:SSY) in a research report sent to investors on Sunday. The brokerage issued a hold rating on the stock.

SunLink Health Systems Price Performance

Shares of SSY opened at $0.76 on Friday. The firm has a market cap of $5.35 million, a P/E ratio of -0.74 and a beta of 1.39. SunLink Health Systems has a 1 year low of $0.53 and a 1 year high of $1.05. The company has a 50 day simple moving average of $0.81 and a two-hundred day simple moving average of $0.74.

Institutional Investors Weigh In On SunLink Health Systems

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

SunLink Health Systems Company Profile

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.