Safestay (LON:SSTY) Share Price Crosses Below 200-Day Moving Average – Here’s Why

Safestay plc (LON:SSTY – Get Free Report)’s share price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 14.25 and traded as low as GBX 12. Safestay shares last traded at GBX 12.05, with a volume of 13,108 shares.

Analyst Upgrades and Downgrades

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

Get Safestay alerts:

Check Out Our Latest Research Report on Safestay

Safestay Stock Down 3.6%

The company’s 50 day simple moving average is GBX 13.44 and its 200-day simple moving average is GBX 14.25. The company has a current ratio of 0.55, a quick ratio of 1.26 and a debt-to-equity ratio of 334.89. The firm has a market cap of £7.82 million, a P/E ratio of -0.78 and a beta of 1.34.

Safestay (LON:SSTY – Get Free Report) last announced its quarterly earnings results on Monday, June 29th. The company reported GBX (15.48) EPS for the quarter. Safestay had a negative return on equity of 44.19% and a negative net margin of 48.84%. Research analysts forecast that Safestay plc will post 24.0500009 earnings per share for the current fiscal year.

Safestay Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than Safestay
• GE Vernova’s AI Power Boom Faces a Profit Test
• Cardinal Health Earnings: Can Perfection Get Priced In Twice?
• Nebius’ Q2 Beat Shows the AI Bottleneck Is Capacity, Not Demand
• Legacy Jet Builders Stall While Embraer Accelerates to New Highs

Receive News & Ratings for Safestay Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safestay and related companies with MarketBeat.com's FREE daily email newsletter.