Safestay (LON:SSTY) Stock Crosses Below 200-Day Moving Average – Here’s Why

Safestay plc (LON:SSTY) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 24.73 ($0.32) and traded as low as GBX 20.88 ($0.27). Safestay shares last traded at GBX 20.88 ($0.27), with a volume of 19 shares trading hands.

Safestay Price Performance

The company has a debt-to-equity ratio of 160.52, a current ratio of 0.45 and a quick ratio of 1.27. The company’s 50 day moving average is GBX 22.57 and its 200 day moving average is GBX 24.75. The stock has a market cap of £13.56 million, a price-to-earnings ratio of -21.75 and a beta of 1.34.

About Safestay

Safestay is one of Europe’s largest hostel groups. Its 20 premium hostels offer guests both private and shared rooms across destination cities within the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.

Safestay’s mission at each of its locations is to provide a safe, inclusive, and enjoyable space that caters to the needs of different travellers.