SunLink Health Systems (NYSE:SSY) Coverage Initiated at

Equities researchers at began coverage on shares of SunLink Health Systems (NYSE:SSYGet Free Report) in a report released on Sunday. The firm set a “hold” rating on the stock.

SunLink Health Systems Price Performance

SSY stock opened at $0.90 on Friday. SunLink Health Systems has a 52 week low of $0.54 and a 52 week high of $1.47. The company has a fifty day simple moving average of $0.93 and a two-hundred day simple moving average of $0.87. The firm has a market capitalization of $6.34 million, a P/E ratio of -4.09 and a beta of 1.43.

SunLink Health Systems (NYSE:SSYGet Free Report) last released its quarterly earnings data on Friday, November 17th. The company reported ($0.06) EPS for the quarter. SunLink Health Systems had a negative net margin of 3.48% and a negative return on equity of 3.00%. The business had revenue of $8.56 million for the quarter.

Institutional Investors Weigh In On SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. boosted its stake in shares of SunLink Health Systems, Inc. (NYSE:SSYFree Report) by 45.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,116 shares of the company’s stock after buying an additional 17,938 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.81% of SunLink Health Systems worth $46,000 as of its most recent SEC filing. Institutional investors and hedge funds own 15.63% of the company’s stock.

SunLink Health Systems Company Profile

(Get Free Report)

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.

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