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

Investment analysts at StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSY) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Stock Performance

SSY stock opened at $0.88 on Monday. SunLink Health Systems has a 52 week low of $0.53 and a 52 week high of $1.05. The company’s 50-day simple moving average is $0.81 and its 200 day simple moving average is $0.74. The company has a market capitalization of $6.23 million, a PE ratio of -0.86 and a beta of 1.39.

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 stake 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. The institutional investor owned 87,565 shares of the company’s stock after purchasing an additional 30,449 shares during the period. Wittenberg Investment Management Inc. owned about 1.24% of SunLink Health Systems worth $81,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors 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.