HSS Hire Group (LON:HSS) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

Key Points

• HSS Hire Group plc shares traded above their 50-day moving average of GBX 8.22, reaching a high of GBX 9.88 during Friday's trading session.
• The company has a market capitalization of £62.89 million and a P/E ratio of -27.42, indicating it is currently unprofitable.
• HSS operates two primary businesses: HSS ProService, a digital marketplace, and the Hire Services Company, which provides tool hiring services across the UK and Ireland.

Shares of HSS Hire Group plc (LON:HSS - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 8.22 ($0.11) and traded as high as GBX 9.88 ($0.13). HSS Hire Group shares last traded at GBX 9.10 ($0.12), with a volume of 613,024 shares trading hands.

HSS Hire Group Price Performance

The firm has a market cap of £65.65 million, a price-to-earnings ratio of -28.63 and a beta of 0.27. The firm's fifty day moving average is GBX 8.33 and its two-hundred day moving average is GBX 7.17. The company has a debt-to-equity ratio of 70.34, a current ratio of 1.14 and a quick ratio of 1.10.

HSS Hire Group Company Profile

HSS Hire Group plc operates through two separate but complementary businesses serving predominately business customers: HSS ProService is the leading Digital marketplace business focussed on customer and supplier acquisition. Technology driven, scalable and uniquely differentiated. Wide range of building services, including hire, resale, materials, training and more The Hire Services Company (“HSC”) formerly known as HSS Operations, which includes HSS Ireland, provides tool and equipment hire and related services in the UK and Ireland through a nationwide network of Group companies and third-party suppliers.