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

Investment analysts at StockNews.com started coverage on shares of SunLink Health Systems (NYSE:SSY – Get Rating) in a research report issued to clients and investors on Wednesday. The brokerage set a “hold” rating on the stock.

SunLink Health Systems Stock Performance

Shares of SSY stock opened at $0.96 on Wednesday. The stock has a 50 day moving average price of $1.04 and a 200 day moving average price of $0.94. The firm has a market capitalization of $6.72 million, a P/E ratio of -2.45 and a beta of 1.16. SunLink Health Systems has a 52-week low of $0.53 and a 52-week high of $2.10.

Hedge Funds Weigh In On SunLink Health Systems

An institutional investor recently raised its position in SunLink Health Systems stock. Susquehanna International Group LLP increased its stake in shares of SunLink Health Systems, Inc. (NYSE:SSY – Get Rating) by 287.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,202 shares of the company’s stock after purchasing an additional 42,448 shares during the quarter. Susquehanna International Group LLP owned 0.81% of SunLink Health Systems worth $63,000 at the end of the most recent quarter. 15.46% of the stock is owned by hedge funds and other institutional investors.

About SunLink Health Systems

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SunLink Health Systems, Inc engages in the provision of healthcare products and services. It operates through the following segments: Healthcare Services and Pharmacy. The Healthcare Services segment owns and operates a bed community hospital and bed nursing home Information Technology (IT) service company, and healthcare facilities, which are leased to third parties.