Healthcare Services Group Inc
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Industrials : Commercial Services & Supplies | Small Cap Blend
Company profile

Healthcare Services Group, Inc. provides management, administrative and operating services to the housekeeping, laundry, linen, facility maintenance and dietary service departments of the healthcare industry, including nursing homes, retirement complexes, rehabilitation centers and hospitals located throughout the United States. The Company operates through two segments: housekeeping, laundry, linen and other services (Housekeeping), and dietary department services (Dietary). Its housekeeping service involves the management of a client's housekeeping department, which is responsible for the cleaning, disinfecting and sanitizing resident rooms and common areas of a client's facility. Its dietary services consist of managing the client's dietary department, which is responsible for food purchasing, meal preparation and providing professional dietitian services, including the development of menus that meet the dietary needs of residents.

Postmarket

Last Trade
Delayed
$24.55
0.0001 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$24.55
Day's Change
1.31 (5.64%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
26.24
Day's Low
23.12
Volume
(Heavy Day)
Volume:
1,522,096

10-day average volume:
378,516
1,522,096

UPDATE: Amazon upgraded as analysts forecast the e-commerce giant's staying power even after shoppers return to stores

7:58 am ET September 22, 2020 (MarketWatch)
Print

Tonya Garcia

Amazon.com Inc. shares rose 2% in Tuesday premarket trading after the e-commerce giant was upgraded to outperform from market perform at Bernstein. Analysts maintained their $3,400 price target.

Bernstein forecasts that Amazon (AMZN) will still be the go-to choice for shoppers, even after the pandemic.

"[W]e undervalued the power of being the sole e-commerce demand aggregator," Bernstein wrote in a note.

Read:Amazon launches Luxury Stores, an invitation-only shopping experience for high-end fashion and beauty (https://www.marketwatch.com/story/amazon-launches-luxury-stores-an-invitation-only-shopping-experience-for-high-end-fashion-and-beauty-2020-09-15)

"Amazon is positioned to increase their dominant share position when the return to physical stores occurs. Amazon has also quietly made substantial inroads into grocery and 'shopping' verticals."

Analysts led by Mark Shmulik also have first-hand experience with the benefits of one-day delivery, an offering that they first thought would not be much of a competitive advantage. Analysts say they ended up purchasing a TV and having it installed through services they found on Amazon that were cheaper and quicker than BestBuy.com (BBY) .

"Amid COVID, Amazon has executed incredibly well, pivoting its operations and inventory to in-demand verticals -- with flexibility and speed we didn't expect," analysts said.

And the company can make further gains in other "revenue pools" like advertising and cloud services.

Amazon stock has rallied more than 60% for the year to date. The Amplify Online Retail ETF (IBUY) has gained 67.8%. And the S&P 500 index is up 1.6% for the period.

-Tonya Garcia; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 22, 2020 07:58 ET (11:58 GMT)

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