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

StockNews.com initiated coverage on shares of SunLink Health Systems (NYSE:SSY) in a research note released on Wednesday. The brokerage issued a hold rating on the stock.

SunLink Health Systems Stock Down 6.6 %

SunLink Health Systems stock opened at $0.65 on Wednesday. The firm has a fifty day moving average of $0.75 and a 200-day moving average of $0.81. SunLink Health Systems has a 52-week low of $0.54 and a 52-week high of $1.11. The firm has a market capitalization of $4.58 million, a P/E ratio of -0.69 and a beta of 1.36.

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

Institutional Trading of SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. raised its stake in SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 57,116 shares of the company’s stock after purchasing an additional 17,938 shares during the period. Wittenberg Investment Management Inc. owned 0.81% of SunLink Health Systems worth $46,000 as of its most recent SEC filing. 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.