HSS Hire Group (LON:HSS) Stock Price Down 6.1% - Here's Why

Key Points

• HSS Hire Group plc experienced a significant drop in stock price, down by 6.1% to GBX 8.50 ($0.11) on Wednesday, with trading volume falling 82% compared to its average.
• The company's market capitalization is £60.43 million, and it has a very high price-to-earnings ratio of -1,680.78, indicating possible financial distress.
• HSS operates through two main segments: HSS ProService, focusing on digital marketplace services, and the Hire Services Company, providing equipment hire and related services in the UK and Ireland.

HSS Hire Group plc (LON:HSS - Get Free Report) shares fell 6.1% during trading on Wednesday . The company traded as low as GBX 8.22 ($0.11) and last traded at GBX 8.50 ($0.11). 200,482 shares were traded during mid-day trading, a decline of 82% from the average session volume of 1,129,867 shares. The stock had previously closed at GBX 9.05 ($0.12).

HSS Hire Group Price Performance

The stock has a market capitalization of £63.17 million, a P/E ratio of -1,757.06 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 stock has a 50-day simple moving average of GBX 8.97 and a 200 day simple moving average of GBX 7.54.

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.