Safestore (LON:SAFE) Stock Price Passes Below 200-Day Moving Average - Should You Sell?

Safestore Holdings Plc (LON:SAFE - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 756.57 ($9.51) and traded as low as GBX 598 ($7.52). Safestore shares last traded at GBX 604.19 ($7.60), with a volume of 628,856 shares changing hands.

Safestore Stock Up 0.2 %

The business's 50 day moving average price is GBX 619.69 and its 200-day moving average price is GBX 751.35. The company has a debt-to-equity ratio of 41.53, a current ratio of 0.89 and a quick ratio of 0.90. The company has a market cap of £1.32 billion, a P/E ratio of 4.99, a PEG ratio of 2.05 and a beta of 0.86.

Safestore (LON:SAFE - Get Free Report) last issued its quarterly earnings results on Thursday, January 16th. The company reported GBX 92.40 ($1.16) earnings per share for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. On average, analysts anticipate that Safestore Holdings Plc will post 42.6926692 earnings per share for the current fiscal year.

Safestore Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 15th. Investors of record on Thursday, March 13th will be issued a GBX 20.40 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, March 13th. This represents a dividend yield of 3.42%. This is a positive change from Safestore's previous dividend of $10.00. Safestore's dividend payout ratio (DPR) is currently 24.73%.

Remove Ads

Insider Activity at Safestore

In related news, insider Avis Darzins acquired 1,581 shares of the firm's stock in a transaction that occurred on Thursday, January 16th. The stock was acquired at an average cost of GBX 628 ($7.90) per share, with a total value of £9,928.68 ($12,485.76). 2.77% of the stock is currently owned by company insiders.

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.