Safestore (LON:SAFE) Trading Down 10.2% – Should You Sell?

Safestore Holdings Plc (LON:SAFE)’s share price was down 10.2% during mid-day trading on Friday . 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 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 Price 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 quick ratio of 0.90, a current ratio of 0.42 and a debt-to-equity ratio of 42.94. The firm has a market capitalization of £1.32 billion, a price-to-earnings ratio of 500.56, a PEG ratio of 2.05 and a beta of 0.86.

Insider Activity at Safestore

In related news, insider Avis Darzins purchased 1,581 shares of Safestore stock in a transaction dated Thursday, January 16th. The shares were acquired at an average price of GBX 628 ($7.68) per share, for a total transaction of £9,928.68 ($12,148.15). 2.77% of the stock is owned by corporate insiders.

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.