Safestore (OTCMKTS:SFSHF) Shares Gap Down - Time to Sell?

Key Points

• Safestore Holdings PLC shares gapped down from a previous close of $8.80 to an opening price of $8.45, reflecting a 4.0% decline in stock value.
• The stock’s 50-day and 200-day simple moving averages are $8.75 and $8.47, respectively, indicating potential bearish trends.
• As of October 31, 2023, Safestore is the UK's largest self-storage group, operating 190 stores across various countries, including significant presence in London and South East.

Safestore Holdings PLC (OTCMKTS:SFSHF - )'s stock price gapped down prior to trading on Thursday . The stock had previously closed at $8.80, but opened at $8.45. Safestore shares last traded at $8.45, with a volume of 611 shares.

Safestore Stock Down 4.0%

The stock has a 50 day simple moving average of $8.75 and a 200-day simple moving average of $8.47.

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.

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