Safestore (LON:SAFE) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Safestore Holdings Plc (LON:SAFE) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 716.11 and traded as high as GBX 807.50. Safestore shares last traded at GBX 797.50, with a volume of 214,104 shares changing hands.

Safestore Stock Up 0.6%

The firm has a 50-day simple moving average of GBX 779.35 and a 200 day simple moving average of GBX 716.11. The stock has a market capitalization of £1.75 billion, a P/E ratio of 15.86, a P/E/G ratio of 2.05 and a beta of 0.86. The company has a debt-to-equity ratio of 41.53, a current ratio of 0.89 and a quick ratio of 0.90.

Safestore (LON:SAFE) last issued its quarterly earnings results on Thursday, January 15th. The company reported GBX 40.10 EPS for the quarter. Safestore had a net margin of 118.32% and a return on equity of 12.38%. On average, equities research analysts forecast that Safestore Holdings Plc will post 42.6926692 EPS for the current year.

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. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.