StockNews.com Begins Coverage on SunLink Health Systems (NYSE:SSY)

StockNews.com assumed coverage on shares of SunLink Health Systems (NYSE:SSY) in a research note issued to investors on Tuesday morning. The brokerage issued a hold rating on the stock.

SunLink Health Systems Trading Down 4.7 %

Shares of SSY opened at $0.81 on Tuesday. The company has a market capitalization of $5.70 million, a PE ratio of -0.79 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. The stock’s 50-day moving average price is $0.81 and its two-hundred day moving average price is $0.75.

SunLink Health Systems (NYSE:SSY) last announced its earnings results on Monday, September 30th. The company reported ($0.09) EPS for the quarter. The company had revenue of $7.91 million for the quarter. SunLink Health Systems had a negative return on equity of 21.31% and a negative net margin of 20.39%.

Institutional Inflows and Outflows

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