Safestore (OTCMKTS:SFSHF) Trading Down 2.5% – Should You Sell?

Safestore Holdings Plc (OTCMKTS:SFSHF)’s share price dropped 2.5% on Wednesday . The company traded as low as $8.93 and last traded at $8.93. Approximately 703 shares traded hands during trading, a decline of 53% from the average daily volume of 1,509 shares. The stock had previously closed at $9.16.

Wall Street Analyst Weigh In

Separately, Barclays lowered shares of Safestore from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 4th.

Safestore Price Performance

The company has a 50 day simple moving average of $10.44 and a 200-day simple moving average of $10.44.

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.