Safestay (LON:SSTY) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Safestay plc (LON:SSTY) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 13.92 and traded as low as GBX 12. Safestay shares last traded at GBX 12, with a volume of 4,989 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reiterated a “house stock” rating on shares of Safestay in a research report on Wednesday, August 5th.

Safestay Price Performance

The company has a market capitalization of £8.12 million, a price-to-earnings ratio of -0.81 and a beta of 1.34. The company has a 50-day moving average price of GBX 13.33 and a 200-day moving average price of GBX 13.92. The company has a debt-to-equity ratio of 334.89, a quick ratio of 1.26 and a current ratio of 0.55.

Safestay (LON:SSTY) last posted its earnings results on Monday, June 29th. The company reported GBX (15.48) earnings per share for the quarter. Safestay had a negative return on equity of 44.19% and a negative net margin of 48.84%. On average, equities research analysts expect that Safestay plc will post 24.0500009 EPS for the current fiscal year.

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.