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

Key Points

• Safestore's stock passed below its 200-day moving average (200‑day MA GBX 728.98), trading as low as GBX 658.50 and last at GBX 664.50 on volume of 700,518 shares.
• Insider buying noted: Simon Clinton bought 6,166 shares at an average price of GBX 613 on March 23, and company insiders collectively own 7.87% of the stock.
• Company scale and valuation: Safestore is the UK's largest self‑storage group with 190 stores across the UK and Europe, a market cap of £1.45 billion and a P/E of 13.13.

Safestore Holdings Plc (LON:SAFE - )'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 728.98 and traded as low as GBX 658.50. Safestore shares last traded at GBX 664.50, with a volume of 700,518 shares trading hands.

Safestore Stock Down 0.6%

The stock has a market cap of £1.45 billion, a PE ratio of 13.13, a price-to-earnings-growth ratio of 2.05 and a beta of 1.19. The firm has a 50 day moving average price of GBX 696.92 and a 200 day moving average price of GBX 728.98.

Insider Transactions at Safestore

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.