Safestay (LON:SSTY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Safestay plc (LON:SSTYGet Free Report)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 13.40 and traded as high as GBX 13.90. Safestay shares last traded at GBX 13.20, with a volume of 13,826 shares.

Analyst Ratings Changes

Separately, Shore Capital Group reissued a “house stock” rating on shares of Safestay in a report on Monday, June 29th.

View Our Latest Analysis on Safestay

Safestay Stock Performance

The company has a market capitalization of £8.57 million, a PE ratio of -0.85 and a beta of 1.34. The firm’s 50-day simple moving average is GBX 13.40 and its 200-day simple moving average is GBX 14.75. The company has a current ratio of 0.55, a quick ratio of 1.26 and a debt-to-equity ratio of 334.89.

Safestay (LON:SSTYGet Free Report) last issued its earnings results on Monday, June 29th. The company reported GBX (15.48) earnings per share for the quarter. Safestay had a negative net margin of 48.84% and a negative return on equity of 44.19%. On average, research analysts predict that Safestay plc will post 24.0500009 earnings per share for the current year.

About Safestay

(Get Free Report)

Safestay PLC is one of Europe’s largest hostel groups, operating in the fragmented and fast-growing global hostel market that is expected to be worth $8.9bn annually by 2027*.

Safestay’s portfolio of 20 premium hostels and one hotel offer guests both private and shared rooms in destination cities across the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.

In 2024, the Group delivered a 10% increase in Total Bed Nights to 931,688, 37% of which were booked through direct and non-commissionable channels.

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