Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Healthcare Services Group Inc (NASDAQ: HCSG) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Healthcare Services Group Inc (NASDAQ: HCSG) stock rose modestly by 0.4% on 10/25/24. The stock closed at $10.74. Moreover, unusually high trading volume at 183% of normal accompanied the advance. The stock has been weak relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, HCSG is expected to continue to be an important Value Builder.
Healthcare Services Group has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Healthcare Services Group has a neutral Power Rating of 48 and a slightly negative Appreciation Score of 36, with the Negative Value Trend Rating the result.
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