Alert: Rating Upgrade (5/3/24)-Healthcare Services Group Inc (NASDAQ: HCSG).

Stock Rating Upgrade

Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Healthcare Services Group Inc (NASDAQ: HCSG) improved in the last week. HCSG’s current Value Trend Rating is C and the prior Rating was D. Details supporting this higher rating are included in our next report.

Recent Price Action

On 5/3/24, Healthcare Services Group Inc (NASDAQ: HCSG) stock increased 1.2%, closing at $10.82. NORMAL trading volume accompanied the advance. The stock has performed in line with the market over the last nine months and has declined -1.6% 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 C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Healthcare Services Group has a slightly negative Appreciation Score of 31 and a neutral Power Rating of 60, leading to the Low Neutral Value Trend Rating.