Safestore (LON:SAFE) Trading Down 10.2% – What’s Next?

Safestore Holdings Plc (LON:SAFE) was down 10.2% during mid-day trading on Thursday . The stock traded as low as GBX 591 ($7.23) and last traded at GBX 596.50 ($7.30). Approximately 1,288,420 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 4,929,729 shares. The stock had previously closed at GBX 664.50 ($8.13).

Safestore Stock Down 10.2 %

The firm has a market cap of £1.30 billion, a PE ratio of 492.98, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The company has a 50-day simple moving average of GBX 704.60 and a 200-day simple moving average of GBX 795.39. The company has a debt-to-equity ratio of 42.94, a current ratio of 0.42 and a quick ratio of 0.90.

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.