Safestore (LON:SAFE) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Safestore Holdings Plc (LON:SAFE)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 655 ($8.68) and traded as high as GBX 659.50 ($8.74). Safestore shares last traded at GBX 636.33 ($8.43), with a volume of 1,012,049 shares changing hands.

Safestore Price Performance

The business’s fifty day simple moving average is GBX 601.42 and its 200-day simple moving average is GBX 655. The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of 41.53. The firm has a market cap of £1.40 billion, a P/E ratio of 5.28, a PEG ratio of 2.05 and a beta of 0.86.

Insider Activity at Safestore

In other news, insider Frederic Vecchioli bought 65,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average price of GBX 553 ($7.33) per share, with a total value of £359,450 ($476,218.87). 2.77% of the stock is currently owned by corporate 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.