Safestay (LON:SSTY) Trading Down 10.9% – What’s Next?

Shares of Safestay plc (LON:SSTY) traded down 10.9% on Tuesday . The company traded as low as GBX 19.60 ($0.25) and last traded at GBX 19.60 ($0.25). 104,471 shares changed hands during mid-day trading, an increase of 495% from the average session volume of 17,562 shares. The stock had previously closed at GBX 22 ($0.28).

Safestay Trading Up 7.1 %

The firm has a market cap of £13.64 million, a PE ratio of -21.88 and a beta of 1.34. The business has a 50-day moving average price of GBX 23.62 and a two-hundred day moving average price of GBX 24.83. The company has a debt-to-equity ratio of 160.52, a current ratio of 0.45 and a quick ratio of 1.27.

Safestay Company Profile

Safestay is one of Europe’s largest hostel groups. Its 20 premium hostels offer guests both private and shared rooms across destination cities within the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.

Safestay’s mission at each of its locations is to provide a safe, inclusive, and enjoyable space that caters to the needs of different travellers.