Safestore (LON:SAFE) Shares Down 10.2% - Time to Sell?

Shares of Safestore Holdings Plc (LON:SAFE - Get Free Report) were down 10.2% during trading on Thursday . The company traded as low as GBX 591 ($7.23) and last traded at GBX 596.50 ($7.30). Approximately 1,288,420 shares traded 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 Performance

The stock's 50 day moving average price is GBX 698.67 and its 200 day moving average price is GBX 793.37. The company has a current ratio of 0.42, a quick ratio of 0.90 and a debt-to-equity ratio of 42.94. The firm has a market cap of £1.30 billion, a PE ratio of 492.98, a P/E/G ratio of 2.05 and a beta of 0.86.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.