Big Yellow Group (OTCMKTS:BYLOF) Shares Down 5.5% – Here’s Why

Shares of Big Yellow Group Plc (OTCMKTS:BYLOF) traded down 5.5% during trading on Wednesday . The company traded as low as $13.92 and last traded at $13.92. 1,142 shares were traded during mid-day trading, a decline of 46% from the average session volume of 2,109 shares. The stock had previously closed at $14.73.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on BYLOF shares. Jefferies Financial Group upgraded Big Yellow Group from a “hold” rating to a “buy” rating in a research report on Monday, January 26th. Oddo Bhf lowered shares of Big Yellow Group to a “neutral” rating in a report on Thursday, January 15th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Big Yellow Group Stock Performance

The firm has a 50 day simple moving average of $13.89 and a 200-day simple moving average of $13.62.

About Big Yellow Group

Big Yellow Group (OTCMKTS:BYLOF) is a UK-based self storage company that develops, owns and operates purpose-built storage facilities. Established in 1998 and listed on the London Stock Exchange, the company has grown to become one of the largest self storage providers in the United Kingdom. Its portfolio encompasses modern, secure units designed for personal and business use, offering customers flexible rental periods and a range of unit sizes to suit varying storage needs.

The company’s core activities include property development, facility management and customer services, underpinned by features such as 24-hour CCTV surveillance, individual alarms and climate-controlled units at many locations.