SunLink Health Systems (NYSE:SSY) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of SunLink Health Systems (NYSE:SSY) in a research report sent to investors on Friday morning. The firm issued a hold rating on the stock.

SunLink Health Systems Trading Up 5.3 %

Shares of NYSE:SSY opened at $0.80 on Friday. The firm has a 50 day moving average of $0.68 and a 200-day moving average of $0.78. The stock has a market capitalization of $5.63 million, a PE ratio of -0.78 and a beta of 1.41. SunLink Health Systems has a 12 month low of $0.53 and a 12 month high of $1.05.

SunLink Health Systems (NYSE:SSY) last issued its earnings results on Wednesday, May 15th. The company reported ($0.12) EPS for the quarter. The firm had revenue of $7.46 million during the quarter. SunLink Health Systems had a negative net margin of 20.39% and a negative return on equity of 21.31%.

Institutional Investors Weigh In On SunLink Health Systems

A hedge fund recently raised its stake in SunLink Health Systems stock. Wittenberg Investment Management Inc. lifted its stake in shares of SunLink Health Systems, Inc. (NYSE:SSY) by 53.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 87,565 shares of the company’s stock after purchasing an additional 30,449 shares during the quarter. Wittenberg Investment Management Inc. owned 1.24% of SunLink Health Systems worth $81,000 as of its most recent filing with the Securities and Exchange Commission. 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.