Healthcare Services Group Inc. Hits New 52-Week High at $26.06 (HCSG)
Shares of Healthcare Services Group (NASDAQ:HCSG) hit a new 52-week high during trading on Monday, StockRatingsNetwork reports. The stock traded as high as $26.06 and last traded at $26.04, with a volume of 107,139 shares trading hands. The stock had previously closed at $25.66.
Separately, analysts at Wunderlich initiated coverage on shares of Healthcare Services Group (NASDAQ:HCSG) in a research note to investors on Friday, June 28th. They set a “buy” rating and a $27.00 price target on the stock.
In other Healthcare Services Group news, Director Robert L. Frome sold 8,000 shares of Healthcare Services Group stock on the open market in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $24.56, for a total transaction of $196,480.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Healthcare Services Group has a 52-week low of $21.47 and a 52-week high of $26.06. The stock has a 50-day moving average of $24.76 and a 200-day moving average of $24.03. The company has a market cap of $1.812 billion and a P/E ratio of 33.76.
Healthcare Services Group (NASDAQ:HCSG) last released its earnings data on Tuesday, July 16th. The company reported $0.19 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.19. The company had revenue of $273.60 million for the quarter, compared to the consensus estimate of $281.77 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that Healthcare Services Group will post $0.82 earnings per share for the current fiscal year.
Healthcare Services Group, Inc provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the health care industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States.
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