Healthcare Services Group (HCSG -1.6%) slips on profit-taking following a 15% runup in the stock...

|About: Healthcare Services Group, ... (HCSG)|By:, SA News Editor

Healthcare Services Group (HCSG -1.6%) slips on profit-taking following a 15% runup in the stock ahead of its Q3 earnings, which largely matched Street estimates late yesterday. Net profit rose 15% on slightly better revenue growth, but investors appear to be concerned that valuations are getting stretched with the stock up nearly 35% YTD. The company also authorized a dividend increase of 0.8% to $0.165 per share from $0.16375.