Safestore (LON:SAFE) Hits New 1-Year Low – Here’s What Happened

Safestore Holdings Plc (LON:SAFE) hit a new 52-week low on Wednesday . The stock traded as low as GBX 624 ($7.78) and last traded at GBX 632.50 ($7.89), with a volume of 460028 shares changing hands. The stock had previously closed at GBX 652 ($8.13).

Safestore Trading Down 3.0 %

The firm has a market cap of £1.38 billion, a price-to-earnings ratio of 522.73, a P/E/G ratio of 2.05 and a beta of 0.86. The company has a debt-to-equity ratio of 42.94, a current ratio of 0.42 and a quick ratio of 0.90. The business has a 50-day moving average of GBX 722.28 and a 200-day moving average of GBX 800.97.

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.