HSS Hire Group (LON:HSS) Shares Down 17.3% - What's Next?

Key Points

• HSS Hire Group plc shares experienced a significant decline of 17.3%, trading as low as GBX 7.02 ($0.09) during the session.
• The company's market capitalization stands at £51.71 million with a troubling price-to-earnings ratio of -1,419.61, indicating financial challenges.
• HSS operates primarily through its digital marketplace business, HSS ProService, catering to around 3,000 business customers with a range of construction-related products and services.

Shares of HSS Hire Group plc (LON:HSS - ) were 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 traded hands 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 Stock Down 17.3%

The firm's 50-day moving average price is GBX 9.12 and its 200 day moving average price is GBX 7.90. The firm has a market capitalization of £51.71 million, a price-to-earnings ratio of -1,419.61 and a beta of 0.27. 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 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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