Safestore (LON:SAFE) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Safestore Holdings Plc (LON:SAFE) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 624.89 ($8.39) and traded as high as GBX 667 ($8.95). Safestore shares last traded at GBX 661.84 ($8.88), with a volume of 766,113 shares.

Safestore Trading Up 3.0%

The firm has a fifty day moving average of GBX 625.67 and a two-hundred day moving average of GBX 624.89. The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of 41.53. The company has a market cap of £1.44 billion, a PE ratio of 5.45, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Safestore (LON:SAFE) last issued its earnings results on Tuesday, June 10th. The company reported GBX 18.60 ($0.25) EPS for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. As a group, sell-side analysts predict that Safestore Holdings Plc will post 42.6926692 EPS for the current year.

Insider Activity

In related news, insider Frederic Vecchioli purchased 51,000 shares of the firm’s stock in a transaction on Thursday, April 17th. The shares were acquired at an average cost of GBX 599 ($8.04) per share, with a total value of £305,490 ($410,108.74). Corporate insiders own 2.77% of the company’s stock.

About Safestore

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.