Healthcare Services Group Inc. (HCSG) had a good day on the market for Monday October 28 as shares jumped 6.69% to close at $25.67. About 1.08 million shares traded hands on 10,844 trades for the day, compared with an average daily volume of n/a shares out of a total float of 74.11 million. After opening the trading day at $24.24, shares of Healthcare Services Group Inc. stayed within a range of $25.71 to $24.24.
With today’s gains, Healthcare Services Group Inc. now has a market cap of $1.9 billion. Shares of Healthcare Services Group Inc. have been trading within a range of $48.73 and $21.16 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Healthcare Services Group Inc is a provider of housekeeping and facility-management services to the healthcare industry. The company operates two business segments: housekeeping and dietary. 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. Clients are primarily nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States of America.
Healthcare Services Group Inc. is based out of Bensalem, PA and has some 55,000 employees. Its CEO is Theodore Wahl.
Healthcare Services Group Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
