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

StockNews.com began coverage on shares of SunLink Health Systems (NYSE:SSYFree Report) in a research report sent to investors on Friday. The brokerage issued a hold rating on the stock.

SunLink Health Systems Trading Up 6.6 %

Shares of SSY opened at $0.81 on Friday. The firm has a fifty day simple moving average of $0.87 and a 200 day simple moving average of $0.84. SunLink Health Systems has a 12 month low of $0.54 and a 12 month high of $1.16. The stock has a market capitalization of $5.70 million, a price-to-earnings ratio of -0.86 and a beta of 1.38.

SunLink Health Systems (NYSE:SSYGet Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.06) EPS for the quarter. The company had revenue of $8.51 million for the quarter. SunLink Health Systems had a negative net margin of 16.69% and a negative return on equity of 18.36%.

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 shares of SunLink Health Systems, Inc. (NYSE:SSYFree Report) by 53.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 87,565 shares of the company’s stock after purchasing an additional 30,449 shares during the period. Wittenberg Investment Management Inc. owned 1.24% of SunLink Health Systems worth $81,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors 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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