Equities researchers at StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSY – Get Free Report) in a report released on Monday. The brokerage set a “hold” rating on the stock.
SunLink Health Systems Stock Down 3.4 %
SSY stock opened at $0.84 on Monday. The company has a market cap of $5.91 million, a price-to-earnings ratio of -0.82 and a beta of 1.39. The business has a fifty day simple moving average of $0.81 and a 200-day simple moving average of $0.74. SunLink Health Systems has a 52 week low of $0.53 and a 52 week high of $1.05.
Institutional Trading of SunLink Health Systems
An institutional investor recently raised its position in SunLink Health Systems stock. Wittenberg Investment Management Inc. raised its holdings in shares of SunLink Health Systems, Inc. (NYSE:SSY – Free Report) by 53.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,565 shares of the company’s stock after buying an additional 30,449 shares during the period. Wittenberg Investment Management Inc. owned about 1.24% of SunLink Health Systems worth $81,000 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.
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