Safestay (LON:SSTY) Stock Crosses Above Fifty Day Moving Average – Here’s What Happened

Safestay plc (LON:SSTY) crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 26.63 ($0.34) and traded as high as GBX 26.66 ($0.34). Safestay shares last traded at GBX 26.66 ($0.34), with a volume of 5,000 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “house stock” rating on shares of Safestay in a research report on Tuesday, August 13th.

Safestay Trading Up 0.6 %

The company’s 50-day moving average is GBX 26.63 and its 200-day moving average is GBX 22.61. The firm has a market cap of £17.31 million, a price-to-earnings ratio of -2,575.00 and a beta of 1.34. The company has a debt-to-equity ratio of 160.52, a quick ratio of 1.27 and a current ratio of 0.46.

About Safestay

Safestay plc operates and develops traveller accommodation under the Safestay brand in the United Kingdom, Belgium, Portugal, Spain, and rest of Europe. The company provides overnight hostel accommodation services and owns properties, as well as owns and operates hotels. It also provides ancillary goods and services, such as food and beverage, and merchandise.