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

Safestore Holdings Plc (LON:SAFE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 646.67 ($8.59) and traded as high as GBX 652.50 ($8.67). Safestore shares last traded at GBX 650 ($8.63), with a volume of 394,664 shares trading hands.

Safestore Stock Performance

The company has a debt-to-equity ratio of 41.53, a quick ratio of 0.90 and a current ratio of 0.89. The firm’s 50 day simple moving average is GBX 605.64 and its 200 day simple moving average is GBX 645.28. The firm has a market capitalization of £1.42 billion, a price-to-earnings ratio of 5.36, a PEG ratio of 2.05 and a beta of 0.86.

Insider Buying and Selling at Safestore

In other news, insider Frederic Vecchioli bought 51,000 shares of the business’s stock in a transaction dated Thursday, April 17th. The stock was purchased at an average cost of GBX 599 ($7.96) per share, with a total value of £305,490 ($405,804.99). Company insiders own 2.77% of the company’s stock.

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.