Safestore (LON:SAFE) Stock Price Down 10.2% – Should You Sell?

Safestore Holdings Plc (LON:SAFEGet Free Report) shares were down 10.2% on Thursday . The stock traded as low as GBX 591 ($7.23) and last traded at GBX 596.50 ($7.30). Approximately 1,218,670 shares traded hands during trading, a decline of 75% from the average daily volume of 4,923,388 shares. The stock had previously closed at GBX 664.50 ($8.13).

Safestore Stock Performance

The stock’s 50-day moving average price is GBX 704.60 and its 200-day moving average price is GBX 795.39. The company has a market capitalization of £1.30 billion, a price-to-earnings ratio of 492.98, 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 quick ratio of 0.90 and a current ratio of 0.42.

About Safestore

(Get Free Report)

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.

Further Reading

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