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

Safestore Holdings Plc (LON:SAFE) was down 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 were traded during 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 Price Performance

The stock 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 debt-to-equity ratio of 42.94, a quick ratio of 0.90 and a current ratio of 0.42. The firm has a market capitalization of £1.32 billion, a P/E ratio of 500.56, a P/E/G ratio of 2.05 and a beta of 0.86.

Insider Buying and Selling at Safestore

In other news, insider Avis Darzins purchased 1,581 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was bought at an average cost of GBX 628 ($7.68) per share, for a total transaction of £9,928.68 ($12,148.15). Corporate insiders own 2.77% of the company’s stock.

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.