HSS Hire Group (LON:HSS) Shares Pass Above 50-Day Moving Average - Here's What Happened

Key Points

• HSS Hire Group shares have surpassed their 50-day moving average of GBX 9.06, trading as high as GBX 9.28 ($0.13) during recent sessions.
• The company has a market capitalization of £65.79 million and a notably high P/E ratio of -1,806.27.
• HSS Hire operates two main divisions: HSS ProService, a digital marketplace for building services, and The Hire Services Company, which provides tool and equipment hire across the UK and Ireland.

HSS Hire Group plc (LON:HSS - Get Free Report)'s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 9.06 ($0.12) and traded as high as GBX 9.28 ($0.13). HSS Hire Group shares last traded at GBX 8.95 ($0.12), with a volume of 79,177 shares traded.

HSS Hire Group Stock Performance

The firm has a market capitalization of £64.46 million, a price-to-earnings ratio of -1,769.80 and a beta of 0.27. The company has a quick ratio of 1.10, a current ratio of 1.14 and a debt-to-equity ratio of 70.34. The stock has a 50-day moving average price of GBX 9.13 and a 200 day moving average price of GBX 7.68.

HSS Hire Group Company Profile

HSS Hire Group plc operates through two separate but complementary businesses serving predominantly business customers: HSS ProService ("Pro") is the leading Digital marketplace business focussed on customer and supplier acquisition. Technology driven, scalable and uniquely differentiated, Pro is a one-stop-shop providing a wide range of building-related product and services for its c.3,000 customers, in product verticals including equipment hire, training, fuel, equipment sales and building materials.