Safestore (OTCMKTS:SFSHF) Reaches New 12-Month Low – What’s Next?

Safestore Holdings PLC (OTCMKTS:SFSHF)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $7.27 and last traded at $7.27, with a volume of 795 shares trading hands. The stock had previously closed at $8.0480.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays raised shares of Safestore from an “equal weight” rating to an “overweight” rating in a report on Monday, August 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Safestore to a “hold” rating in a research report on Wednesday, August 19th. Finally, Morgan Stanley reissued an “underweight” rating on shares of Safestore in a research note on Monday, June 15th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Safestore presently has an average rating of “Hold”.

Safestore Price Performance

The firm has a 50-day moving average price of $7.91 and a two-hundred day moving average price of $8.74.

About Safestore

Safestore (OTCMKTS:SFSHF) is a leading European self-storage operator providing secure storage solutions for personal and business customers. The company’s facilities offer a wide range of unit sizes, climate-controlled spaces, container storage, and value-added services such as packing materials and insurance. Safestore’s focus on convenience and security is supported by 24/7 access, state-of-the-art surveillance systems, and an integrated online platform for reservations and account management.

Founded in 1998 and headquartered in the United Kingdom, Safestore has expanded through a combination of organic growth and acquisitions to operate over 130 locations across the UK and France.