Safestore (LON:SAFE) Posts Quarterly Earnings Results

Safestore (LON:SAFE - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported GBX 18.60 ($0.25) earnings per share for the quarter, Digital Look Earnings reports. Safestore had a net margin of 118.32% and a return on equity of 12.38%.

Safestore Stock Performance

Shares of SAFE traded down GBX 7.58 ($0.10) during mid-day trading on Friday, hitting GBX 644.42 ($8.74). 331,387 shares of the company's stock were exchanged, compared to its average volume of 1,455,169. The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of 41.53. Safestore has a fifty-two week low of GBX 525.50 ($7.13) and a fifty-two week high of GBX 930 ($12.62). The business's 50 day moving average is GBX 619.36 and its two-hundred day moving average is GBX 627.80. The firm has a market capitalization of £1.40 billion, a P/E ratio of 5.31, a P/E/G ratio of 2.05 and a beta of 0.86.

Insider Activity at Safestore

In other news, insider Frederic Vecchioli acquired 65,000 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of GBX 553 ($7.50) per share, with a total value of £359,450 ($487,720.49). 2.77% of the stock is currently owned by 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.