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

Key Points

• HSS Hire Group's shares dropped 17.3% on Tuesday, closing at GBX 7.24 ($0.10) after trading as low as GBX 7.02 ($0.09).
• During the trading session, the volume increased by 222% compared to the average, with 3,633,329 shares changing hands.
• The company operates through two complementary businesses, focusing on digital marketplace solutions for equipment hire and related services for approximately 3,000 business customers.

Shares of HSS Hire Group plc (LON:HSS - ) fell 17.3% on Tuesday . The company traded as low as GBX 7.02 ($0.09) and last traded at GBX 7.24 ($0.10). 3,633,329 shares traded hands during trading, an increase of 222% from the average session volume of 1,129,335 shares. The stock had previously closed at GBX 8.75 ($0.12).

HSS Hire Group Price Performance

The firm has a market cap of £51.71 million, a PE ratio of -1,419.61 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 9.12 and a two-hundred day moving average price of GBX 7.90.

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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