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

Key Points

• HSS Hire Group shares declined by 17.3% during mid-day trading, dropping to a low of GBX 7.02 ($0.09) before closing at GBX 7.24 ($0.10).
• The company has a market capitalization of £51.71 million and is currently operating with a P/E ratio of -1,419.61, indicating significant financial challenges.
• HSS operates primarily through its HSS ProService division, which offers a digital marketplace for equipment hire and related services for approximately 3,000 business customers.

HSS Hire Group plc (LON:HSS - ) traded down 17.3% during mid-day 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 changed 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 Trading Down 17.3%

The company has a market capitalization of £51.71 million, a P/E ratio of -1,419.61 and a beta of 0.27. The stock's 50 day moving average is GBX 9.08 and its 200-day moving average is GBX 7.90. The company has a debt-to-equity ratio of 70.34, a current ratio of 1.14 and a quick ratio of 1.10.

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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