KD Logo

Jefferies analysts upgrades a Hold rating for Healthcare Services Group, Inc. (HCSG)

ZOM Stock

Healthcare Services Group, Inc.’s recent filing unveils that its Principal Accounting Officer Brophy Andrew M unloaded Company’s shares for reported $14152.0 on Feb 28 ’24. In the deal valued at $12.58 per share,1,125 shares were sold. As a result of this transaction, Brophy Andrew M now holds 7,741 shares worth roughly $82209.42.

Then, Simmons Kurt JR bought 1,005 shares, generating $15,005 in total proceeds. Upon buying the shares at $14.93, the Director now owns 8,542 shares.

Jefferies upgraded its Healthcare Services Group, Inc. [HCSG] rating to a Hold from a an Underperform in a research note published on March 24, 2023; the price target was increased to $14 from $8.50. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in mid February from “a Sector perform” to “an Outperform”. The Benchmark Company also remained covering HCSG and has increased its forecast on October 20, 2022 with a “Buy” recommendation from previously “Hold” rating. Jefferies revised its rating on February 10, 2022. It rated HCSG as “an Underperform” which previously was an “a Hold”.

Price Performance Review of HCSG

On Tuesday, Healthcare Services Group, Inc. [NASDAQ:HCSG] saw its stock fall -2.21% to $10.62. Over the last five days, the stock has lost -11.13%. Healthcare Services Group, Inc. shares have risen nearly 2.41% since the year began. Nevertheless, the stocks have fallen -31.97% over the past one year. While a 52-week high of $15.64 was reached on 03/07/24, a 52-week low of $8.75 was recorded on 02/05/24. SMA at 50 days reached $12.11, while 200 days put it at $11.08. A total of 0.94 million shares were traded, compared to the trading of 0.65 million shares in the previous session.

Levels Of Support And Resistance For HCSG Stock

The 24-hour chart illustrates a support level at 10.49, which if violated will result in even more drops to 10.37. On the upside, there is a resistance level at 10.85. A further resistance level may holdings at 11.09. The Relative Strength Index (RSI) on the 14-day chart is 26.55, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.96%. Stochastics %K at 3.94% indicates the stock is a buying.

Most Popular

[the_ad id="945"]