SunLink Health Systems (NYSE:SSY) Earns Hold Rating from Analysts at StockNews.com

Equities researchers at StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSY) in a note issued to investors on Tuesday. The firm set a “hold” rating on the stock.

SunLink Health Systems Trading Down 8.1 %

SSY stock opened at $0.80 on Tuesday. The firm has a 50 day moving average of $0.81 and a 200-day moving average of $0.74. The company has a market cap of $5.63 million, a price-to-earnings ratio of -0.78 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.

Institutional Trading of SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. increased its holdings in SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,565 shares of the company’s stock after buying 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 SEC filing. 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.