Healthcare Services Group Stock Hits New 52-Week High (HCSG)

NEW YORK ( TheStreet) -- Healthcare Services Group (Nasdaq: HCSG) hit a new 52-week high Monday as it is currently trading at $21.23, above its previous 52-week high of $21.20 with 37,105 shares traded as of 10:20 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 16.9% year to date as of the close of trading on Friday.

Healthcare Services Group, Inc., together with its subsidiaries, 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 36.8, above the average diversified services industry P/E ratio of 32.5 and above the S&P 500 P/E ratio of 17.7.

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, increase in net income and notable return on equity. 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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