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Attention Seeking Stock: Healthcare Services Group, Inc. (NASDAQ: HCSG)

Shares of Healthcare Services Group, Inc. (NASDAQ: HCSG) closed the trading at a price of $40.09 with the negative change of -0.30%. In the past session approximately 398,479 shares were exchanged against the average daily trading volume of 973,879 shares. The stock touched to the maximum level of $40.58, and it reached the lower level of $39.85 in past session. The stock’s market capitalization has now valued at $2.956B. The stock’s low price in its 52 week is $35.04 per share while $56.20 as the 52 week high price.

Healthcare Services Group, Inc. (HCSG) stated that revenues for the three months ended June 30, 2018 raised to $503.7M contrast to $470.9M for the same period in 2017. Net income for the three months ended June 30, 2018 was $25.8M, or $0.35 per basic and diluted ordinary share.

Revenues for the six months ended June 30, 2018 raised to $1.0B contrast to $875.4M for the same period in 2017. Net income for the six months ended June 30, 2018 was $25.9M, or $0.35 per basic and diluted ordinary share.

In addition, our Board of Directors reported a quarterly cash dividend of $0.19375 per ordinary share, payable on September 28, 2018 to shareholders of record at the close of business on August 24, 2018. This represents the 61st consecutive quarterly cash dividend payment, as well as the 60th consecutive raise since our initiation of quarterly cash dividend payments in 2003.

Return on assets ratio of the Company was 10.40% and return on equity ratio was 17.50% while its return on investment ratio was 19.90%. The stock as of last trading session moved 14.41% up from its 52 week low and was -28.67% behind its 52 week high.  The stock’s price switched up -2.18% 20-Days Simple Moving Average dropped -1.95% from 50-Days Simple Moving Average and fell -12.45% from 200 Days Simple Moving Average.

 

Maria Wiggins

Written by Maria Wiggins

Maria Wiggins:- News Stories
I am Maria Wiggins and I have over 11 years experience in the Technology industry giving me a vast understanding of how news affects the financial markets. I am an active day trader spending the majority of my time analyzing earnings reports and watching commodities and derivatives. I have a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

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