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

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

Safestore Stock Performance

The company has a current ratio of 0.42, a quick ratio of 0.90 and a debt-to-equity ratio of 42.94. The firm has a market capitalization of £1.30 billion, a price-to-earnings ratio of 492.98, a PEG ratio of 2.05 and a beta of 0.86. The stock’s 50-day moving average is GBX 698.67 and its 200-day moving average is GBX 793.37.

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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