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

Equities researchers at StockNews.com began coverage on shares of SunLink Health Systems (NYSE:SSY) in a report issued on Thursday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Stock Performance

Shares of SSY opened at $0.61 on Thursday. The firm has a fifty day simple moving average of $0.73 and a two-hundred day simple moving average of $0.81. The firm has a market cap of $4.29 million, a PE ratio of -0.65 and a beta of 1.36. SunLink Health Systems has a 1-year low of $0.54 and a 1-year high of $1.11.

SunLink Health Systems (NYSE:SSY) last issued its quarterly earnings data on Tuesday, February 13th. The company reported ($0.06) 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 during the quarter.

Hedge Funds Weigh In On SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. lifted its stake in shares of SunLink Health Systems, Inc. (NYSE:SSY) by 45.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 57,116 shares of the company’s stock after acquiring an additional 17,938 shares during the quarter. Wittenberg Investment Management Inc. owned approximately 0.81% of SunLink Health Systems worth $46,000 at the end of the most recent reporting period. 23.67% of the stock is currently owned by institutional investors and hedge funds.

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.