HSS Hire Group (LON:HSS) Shares Down 17.3% - Here's What Happened

Key Points

• HSS Hire Group's stock price fell by 17.3% in a single trading session, dropping to as low as GBX 7.02 ($0.09).
• Trading volume surged to approximately 3.6 million shares, representing a 222% increase compared to its average daily volume.
• The company has a significant debt-to-equity ratio of 70.34 and a negative P/E ratio of -1,419.61, indicating potential financial instability.

HSS Hire Group plc (LON:HSS - )'s stock price was down 17.3% during trading on Tuesday . The stock traded as low as GBX 7.02 ($0.09) and last traded at GBX 7.24 ($0.10). Approximately 3,633,329 shares were traded during mid-day trading, an increase of 222% from the average daily volume of 1,129,335 shares. The stock had previously closed at GBX 8.75 ($0.12).

HSS Hire Group Price Performance

The business's 50 day moving average price is GBX 9.12 and its two-hundred day moving average price is GBX 7.90. The stock has a market cap of £51.71 million, a P/E ratio of -1,419.61 and a beta of 0.27. The company has a current ratio of 1.14, a quick ratio of 1.10 and a debt-to-equity ratio of 70.34.

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.

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