Safestore (LON:SAFE) Stock Price Down 10.2% – Here’s What Happened

Safestore Holdings Plc (LON:SAFE)’s stock price fell 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). 1,288,420 shares traded hands during trading, a decline of 74% from the average session volume of 4,929,729 shares. The stock had previously closed at GBX 664.50 ($8.13).

Safestore Stock Performance

The company has a current ratio of 0.42, a quick ratio of 0.90 and a debt-to-equity ratio of 42.94. The firm has a market capitalization of £1.32 billion, a PE ratio of 500.56, a PEG ratio of 2.05 and a beta of 0.86. The firm’s fifty day moving average price is GBX 698.67 and its 200 day moving average price is GBX 793.37.

Insider Buying and Selling at Safestore

In other Safestore news, insider Avis Darzins bought 1,581 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was bought at an average cost of GBX 628 ($7.68) per share, with a total value of £9,928.68 ($12,148.15). Corporate insiders own 2.77% of the company’s stock.

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.