NEW YORK (

TheStreet

) --

Healthcare Services Group

(Nasdaq:

HCSG

) hit a new 52-week high Thursday as it is currently trading at $20.95, above its previous 52-week high of $20.89 with 98,833 shares traded as of 10:55 a.m. ET. Average volume has been 316,000 shares over the past 30 days.

Healthcare Services Group has a market cap of $1.19 billion and is part of the

services

sector and

diversified services

industry. Shares are up 15.5% year to date as of the close of trading on Wednesday.

Healthcare Services Group, Inc. provides housekeeping, laundry, linen, facility maintenance, and dietary services to nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. The company has a P/E ratio of 34.5, above the average diversified services industry P/E ratio of 32.5 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Healthcare Services Group as a

buy

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, revenue growth, growth in earnings per share, notable return on equity and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full

Healthcare Services Group Ratings Report

.

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