Safestay plc (LON:SSTY – Get Free Report)’s share price was up 92.6% on Friday . The stock traded as high as GBX 35 and last traded at GBX 26. Approximately 1,259,909 shares changed hands during mid-day trading, an increase of 509% from the average daily volume of 206,753 shares. The stock had previously closed at GBX 13.50.
Analyst Ratings Changes
Separately, Shore Capital Group reissued a “house stock” rating on shares of Safestay in a research note on Monday, June 29th.
Check Out Our Latest Report on SSTY
Safestay Stock Up 92.6%
Safestay (LON:SSTY – Get Free Report) last announced its quarterly earnings data 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%. As a group, equities research analysts expect that Safestay plc will post 24.0500009 earnings per share for the current fiscal year.
Safestay Company Profile
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.
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