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

Key Points

• HSS Hire Group plc shares have surpassed their 50-day moving average, trading at GBX 8.84 ($0.12), indicating positive market momentum.
• The company operates two primary businesses: HSS ProService, a digital marketplace, and the Hire Services Company, which focuses on tool and equipment rentals in the UK and Ireland.
• HSS Hire Group has a market cap of £62.44 million and reports a price-to-earnings ratio of -27.23, highlighting its current financial challenges.

HSS Hire Group plc (LON:HSS - Get Free Report)'s stock price passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 7.93 ($0.11) and traded as high as GBX 9.10 ($0.12). HSS Hire Group shares last traded at GBX 8.84 ($0.12), with a volume of 1,768,432 shares traded.

HSS Hire Group Trading Down 0.5%

The stock has a 50-day simple moving average of GBX 8.02 and a two-hundred day simple moving average of GBX 7.03. The firm has a market cap of £62.54 million, a PE ratio of -27.27 and a beta of 0.27. The company has a debt-to-equity ratio of 70.34, a quick ratio of 1.10 and a current ratio of 1.14.

About HSS Hire Group

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.