Safestore (LON:SAFE) Reaches New 1-Year Low - Here's Why

Safestore Holdings Plc (LON:SAFE - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as GBX 633.50 ($7.84) and last traded at GBX 648 ($8.02), with a volume of 99441 shares. The stock had previously closed at GBX 644 ($7.97).

Safestore Trading Up 2.7 %

The business has a 50 day simple moving average of GBX 733.42 and a 200-day simple moving average of GBX 803.93. The stock has a market capitalization of £1.45 billion, a P/E ratio of 546.69, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.90 and a current ratio of 0.42.

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.