SunLink Health Systems (NYSE:SSY) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSY) in a report released on Sunday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Stock Up 4.0 %

SSY opened at $0.78 on Friday. SunLink Health Systems has a 52 week low of $0.53 and a 52 week high of $1.05. The stock’s fifty day moving average is $0.81 and its two-hundred day moving average is $0.74. The company has a market capitalization of $5.49 million, a P/E ratio of -0.76 and a beta of 1.39.

Institutional Investors Weigh In On SunLink Health Systems

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