Safestay (LON:SSTY) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Safestay plc (LON:SSTY)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 16.71 and traded as high as GBX 16.75. Safestay shares last traded at GBX 16.02, with a volume of 109 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital Group restated a “house stock” rating on shares of Safestay in a report on Tuesday, November 25th.

Safestay Stock Performance

The company has a market cap of £11.36 million, a PE ratio of -21.88 and a beta of 1.34. The company has a current ratio of 0.45, a quick ratio of 1.27 and a debt-to-equity ratio of 160.52. The business has a fifty day moving average of GBX 16.68 and a 200-day moving average of GBX 19.56.

About Safestay

Safestay PLC is one of Europe’s largest hostel groups, operating in the fragmented and fast-growing global hostel market that is expected to be worth $8.9bn annually by 2027*.

Safestay’s portfolio of 20 premium hostels and one hotel offer guests both private and shared rooms in destination cities across the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.

In 2024, the Group delivered a 10% increase in Total Bed Nights to 931,688, 37% of which were booked through direct and non-commissionable channels.