HSS Hire Group (LON:HSS) Trading Down 15.3% - Here's What Happened

Key Points

• HSS Hire Group shares fell 15.3% during mid-day trading, with the stock price dropping to GBX 7.02 ($0.09) before closing at GBX 7.41 ($0.10).
• The trading volume increased significantly, with approximately 2.19 million shares traded, marking a 96% rise from the average daily volume.
• The company has a market capitalization of £52.94 million and a very high price-to-earnings ratio of -1,453.33.

HSS Hire Group plc (LON:HSS - )'s share price was down 15.3% during mid-day trading on Tuesday . The company traded as low as GBX 7.02 ($0.09) and last traded at GBX 7.41 ($0.10). Approximately 2,195,264 shares were traded during trading, an increase of 96% from the average daily volume of 1,121,726 shares. The stock had previously closed at GBX 8.75 ($0.12).

HSS Hire Group Stock Down 15.3%

The firm has a market cap of £52.94 million, a price-to-earnings ratio of -1,453.33 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. The business's 50-day moving average is GBX 9.12 and its 200-day moving average is GBX 7.90.

About HSS Hire Group

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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