How Will the Market React to Healthcare Services Group, Inc. (HCSG) Stock Getting a Bearish Rating

Healthcare Services Group, Inc. (HCSG) stock is down 4.17% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Healthcare Services Group, Inc. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on HCSG!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With HCSG Stock Today?

Healthcare Services Group, Inc. (HCSG) stock is down -0.2% while the S&P 500 is higher by 0.32% as of 1:20 PM on Tuesday, Oct 24. HCSG is lower by -$0.02 from the previous closing price of $9.91 on volume of 723,672 shares. Over the past year the S&P 500 is up 11.41% while HCSG is lower by -24.27%. HCSG earned $0.51 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 19.46. To screen for more stocks like Healthcare Services Group, Inc. click here.

More About Healthcare Services Group, Inc.

Healthcare Services Group Inc is a provider of housekeeping and facility-management services to the healthcare industry. The company operates two business segments, both contributing roughly equally to the company's revenue: Housekeeping, laundry, linen, and other services; and Dietary department services. Housekeeping includes management of clients' housekeeping departments, cleaning, disinfecting and sanitizing, laundry, and bed linen and uniform services. Dietary consists of food purchasing, meal preparation, and providing dietitian consulting services. Its clients are primarily nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States of America. Click Here to get the full Stock Report for Healthcare Services Group, Inc. stock.