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

Key Points

• HSS Hire Group shares experienced a significant drop of 17.3%, trading between GBX 7.02 and GBX 7.24 on Tuesday.
• The company has a market cap of £51.71 million and a remarkably high price-to-earnings ratio of -1,419.61.
• HSS Hire Group operates primarily through its HSS ProService business, focusing on providing a digital marketplace for building-related products and services.

HSS Hire Group plc (LON:HSS - ) traded 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). 3,633,329 shares were traded during mid-day 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 Trading Down 17.3%

The company has a market cap 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 quick ratio of 1.10 and a current ratio of 1.14. The firm has a fifty day moving average price of GBX 9.12 and a 200 day moving average price of 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.