Safestore (LON:SAFE) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Safestore Holdings Plc (LON:SAFE - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 632.50 ($8.57) and traded as high as GBX 654.50 ($8.87). Safestore shares last traded at GBX 640 ($8.67), with a volume of 200,827 shares changing hands.

Safestore Stock Down 1.0%

The company has a market cap of £1.35 billion, a price-to-earnings ratio of 5.12, a P/E/G ratio of 2.05 and a beta of 0.86. The company has a current ratio of 0.89, a quick ratio of 0.90 and a debt-to-equity ratio of 41.53. The business has a fifty day moving average price of GBX 613.81 and a two-hundred day moving average price of GBX 632.46.

Insider Buying and Selling

In other news, insider Frederic Vecchioli acquired 51,000 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The shares were purchased at an average price of GBX 599 ($8.12) per share, for a total transaction of £305,490 ($413,999.19). 2.77% of the stock is currently 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.