Safestore (LON:SAFE) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Safestore Holdings Plc (LON:SAFE - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 637.28 ($8.57) and traded as low as GBX 614.50 ($8.27). Safestore shares last traded at GBX 622 ($8.37), with a volume of 406,368 shares.

Safestore Price Performance

The company has a debt-to-equity ratio of 41.53, a current ratio of 0.89 and a quick ratio of 0.90. The stock's 50 day simple moving average is GBX 612.08 and its two-hundred day simple moving average is GBX 635.37. The stock has a market cap of £1.43 billion, a price-to-earnings ratio of 5.41, a P/E/G ratio of 2.05 and a beta of 0.86.

Insider Activity

In other news, insider Frederic Vecchioli acquired 65,000 shares of the company's stock in a transaction on Tuesday, April 8th. The stock was purchased at an average cost of GBX 553 ($7.44) per share, with a total value of £359,450 ($483,651.78). 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.