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

StockNews.com initiated coverage on shares of SunLink Health Systems (NYSE:SSY) in a report released on Sunday morning. The brokerage issued a hold rating on the stock.

SunLink Health Systems Trading Down 3.2 %

Shares of NYSE SSY opened at $0.76 on Friday. The stock has a market capitalization of $5.35 million, a price-to-earnings ratio of -0.74 and a beta of 1.39. SunLink Health Systems has a 12-month low of $0.53 and a 12-month high of $1.05. The firm’s 50-day moving average price is $0.81 and its 200-day moving average price is $0.74.

Institutional Trading of SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. raised its position in shares of SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 87,565 shares of the company’s stock after acquiring 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 & Exchange Commission. Institutional investors and hedge funds own 23.67% of the company’s stock.

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.