Safestore (LON:SAFE) Trading Down 10.2% – Here’s Why

Safestore Holdings Plc (LON:SAFEGet Free Report)’s stock price fell 10.2% on Thursday . The stock traded as low as GBX 591 ($7.23) and last traded at GBX 596.50 ($7.30). 1,288,420 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 4,929,729 shares. The stock had previously closed at GBX 664.50 ($8.13).

Safestore Stock Performance

The stock has a market capitalization of £1.30 billion, a PE ratio of 492.98, a PEG ratio of 2.05 and a beta of 0.86. The company’s 50-day moving average price is GBX 704.60 and its 200 day moving average price is GBX 795.39. The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.90 and a current ratio of 0.42.

Safestore Company Profile

(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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