Safestore (LON:SAFE) Reaches New 52-Week Low – Here’s What Happened

Safestore Holdings Plc (LON:SAFE)’s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 642.50 ($8.05) and last traded at GBX 652 ($8.17), with a volume of 241970 shares. The stock had previously closed at GBX 652.50 ($8.18).

Safestore Trading Up 0.5 %

The firm’s 50 day moving average price is GBX 762.54 and its 200-day moving average price is GBX 812.39. The company has a debt-to-equity ratio of 42.94, a current ratio of 0.42 and a quick ratio of 0.90. The stock has a market cap of £1.43 billion, a P/E ratio of 541.74, a P/E/G ratio of 2.05 and a beta of 0.86.

About Safestore

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.