Safestore (LON:SAFE) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Safestore Holdings Plc (LON:SAFE)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 728.54 and traded as low as GBX 692. Safestore shares last traded at GBX 703.90, with a volume of 403,234 shares changing hands.

Safestore Stock Down 1.0%

The business has a fifty day simple moving average of GBX 707.95 and a 200 day simple moving average of GBX 728.54. The company has a market cap of £1.53 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 2.05 and a beta of 1.19.

Insider Buying and Selling

In other news, insider Simon Clinton purchased 6,166 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was acquired at an average price of GBX 613 per share, with a total value of £37,797.58. Company insiders own 7.87% of the company’s stock.

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. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.