Safestore (LON:SAFE) Stock Passes Above 200 Day Moving Average - Here's Why

Safestore Holdings Plc (LON:SAFE - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 623.54 ($8.55) and traded as high as GBX 685.50 ($9.40). Safestore shares last traded at GBX 681.87 ($9.35), with a volume of 1,047,701 shares trading hands.

Safestore Trading Up 1.1%

The business has a 50 day moving average of GBX 642.36 and a 200-day moving average of GBX 622.36. 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 firm has a market capitalization of £1.53 billion, a P/E ratio of 5.79, a PEG ratio of 2.05 and a beta of 0.86.

Safestore (LON:SAFE - Get Free Report) last posted its earnings results on Tuesday, June 10th. The company reported GBX 18.60 ($0.26) earnings per share (EPS) for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. Analysts anticipate that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Insider Buying and Selling at Safestore

In other news, insider Frederic Vecchioli bought 51,000 shares of the company's stock in a transaction dated Thursday, April 17th. The stock was bought at an average price of GBX 599 ($8.22) per share, with a total value of £305,490 ($419,110.99). 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.