Safestore (LON:SAFE) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Safestore Holdings Plc (LON:SAFE)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 637.28 ($8.65) and traded as low as GBX 614.50 ($8.34). Safestore shares last traded at GBX 622 ($8.44), with a volume of 406,368 shares traded.

Safestore Stock Up 1.0%

The business has a 50-day moving average price of GBX 608.94 and a 200-day moving average price of GBX 637.28. The company has a market capitalization of £1.37 billion, a price-to-earnings ratio of 5.18, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The company has a quick ratio of 0.90, a current ratio of 0.89 and a debt-to-equity ratio of 41.53.

Insider Activity at Safestore

In other news, insider Frederic Vecchioli bought 51,000 shares of the company’s stock in a transaction on Thursday, April 17th. The shares were bought at an average cost of GBX 599 ($8.13) per share, with a total value of £305,490 ($414,504.75). 2.77% of the stock is owned by insiders.

Safestore Company Profile

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.