Safestay (LON:SSTY) Shares Pass Above 50 Day Moving Average – Should You Sell?

Safestay plc (LON:SSTY) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 26.63 ($0.34) and traded as high as GBX 26.66 ($0.34). Safestay shares last traded at GBX 26.66 ($0.34), with a volume of 5,000 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of Safestay in a research note on Tuesday, August 13th.

Safestay Stock Up 0.6 %

The company has a market capitalization of £17.31 million, a P/E ratio of -2,575.00 and a beta of 1.34. The company has a debt-to-equity ratio of 160.52, a quick ratio of 1.27 and a current ratio of 0.46. The stock has a 50 day moving average price of GBX 26.65 and a 200 day moving average price of GBX 22.68.

About Safestay

Safestay plc operates and develops traveller accommodation under the Safestay brand in the United Kingdom, Belgium, Portugal, Spain, and rest of Europe. The company provides overnight hostel accommodation services and owns properties, as well as owns and operates hotels. It also provides ancillary goods and services, such as food and beverage, and merchandise.