Safestore (LON:SAFE) Trading Down 10.2% – Time to Sell?

Safestore Holdings Plc (LON:SAFE) shares dropped 10.2% during trading on Friday . The company traded as low as GBX 591 ($7.23) and last traded at GBX 596.50 ($7.30). Approximately 1,288,420 shares changed hands 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 Up 1.5 %

The firm has a 50-day moving average of GBX 698.67 and a two-hundred day moving average of GBX 793.37. The company has a quick ratio of 0.90, a current ratio of 0.42 and a debt-to-equity ratio of 42.94. The company has a market capitalization of £1.32 billion, a PE ratio of 500.56, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Insider Transactions at Safestore

In related news, insider Avis Darzins purchased 1,581 shares of Safestore stock in a transaction dated Thursday, January 16th. The shares were acquired at an average cost of GBX 628 ($7.68) per share, with a total value of £9,928.68 ($12,148.15). Company insiders own 2.77% of the company’s stock.

About Safestore

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.