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Safestore (LON:SAFE) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Safestore logo with Real Estate background

Safestore Holdings Plc (LON:SAFE - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 624.76 ($8.43) and traded as high as GBX 682.50 ($9.21). Safestore shares last traded at GBX 679.87 ($9.17), with a volume of 750,026 shares.

Safestore Price Performance

The firm has a market capitalization of £1.48 billion, a P/E ratio of 5.60, a PEG ratio of 2.05 and a beta of 0.86. 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 company has a fifty day moving average of GBX 656.62 and a 200 day moving average of GBX 624.76.

Safestore (LON:SAFE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The company reported GBX 18.60 ($0.25) EPS for the quarter. Safestore had a return on equity of 12.38% and a net margin of 118.32%. Sell-side analysts predict that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

Insider Activity

In other news, insider Jane Bentall acquired 13,700 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was bought at an average cost of GBX 689 ($9.29) per share, for a total transaction of £94,393 ($127,334.41). Also, insider Frederic Vecchioli acquired 51,000 shares of Safestore stock in a transaction that occurred on Thursday, April 17th. The shares were purchased at an average cost of GBX 599 ($8.08) per share, with a total value of £305,490 ($412,100.36). 2.77% of the stock is owned by company insiders.

About Safestore

(Get Free Report)

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.

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