Safestay (LON:SSTY – Get Free Report) released its quarterly earnings results on Friday. The company reported GBX (2.76) earnings per share for the quarter, Digital Look Earnings reports. Safestay had a negative net margin of 48.84% and a negative return on equity of 44.19%.
Safestay Trading Down 28.1%
Safestay stock traded down GBX 3.51 during trading hours on Friday, reaching GBX 8.99. The stock had a trading volume of 226,188 shares, compared to its average volume of 155,579. The company has a fifty day simple moving average of GBX 12.42 and a 200-day simple moving average of GBX 13.41. Safestay has a 52 week low of GBX 8.98 and a 52 week high of GBX 35. The stock has a market cap of £5.84 million, a PE ratio of -0.58 and a beta of 1.34. The company has a debt-to-equity ratio of 334.89, a current ratio of 0.55 and a quick ratio of 1.26.
Analyst Upgrades and Downgrades
Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Safestay in a research note on Wednesday, August 5th.
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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