Safestore (LON:SAFE) Stock Passes Below 200-Day Moving Average - Time to Sell?

Key Points

• Price breach: Shares passed below the 200‑day moving average (GBX 726.62), trading as low as GBX 638.50 and last at GBX 642 on a volume of 261,276 shares.
• Valuation and earnings: Market cap is £1.49 billion with a P/E of 13.48 and PEG of 2.05; the company reported quarterly EPS of GBX 40.10 and analysts forecast roughly GBX 42.69 for the fiscal year.
• Insider activity: Director Simon Clinton bought 6,166 shares at GBX 613 (≈£37,798) and corporate insiders own about 7.87% of the stock.

Safestore Holdings Plc (LON:SAFE - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 726.62 and traded as low as GBX 638.50. Safestore shares last traded at GBX 642, with a volume of 261,276 shares traded.

Safestore Stock Up 6.2%

The company has a 50 day moving average of GBX 735.56 and a 200-day moving average of GBX 726.62. The stock has a market capitalization of £1.49 billion, a P/E ratio of 13.48, a PEG ratio of 2.05 and a beta of 1.12.

Safestore (LON:SAFE - Get Free Report) last announced its quarterly earnings data on Thursday, January 15th. The company reported GBX 40.10 earnings per share (EPS) for the quarter. Safestore had a return on equity of 4.88% and a net margin of 47.44%. Equities analysts forecast that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Simon Clinton bought 6,166 shares of the company's stock in a transaction on Monday, March 23rd. The shares were purchased at an average cost of GBX 613 per share, with a total value of £37,797.58. 7.87% of the stock is owned by corporate insiders.

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. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.

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