Safestore (OTCMKTS:SFSHF) Shares Gap Up – Here’s What Happened

Safestore Holdings PLC (OTCMKTS:SFSHF)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $8.3650, but opened at $9.4360. Safestore shares last traded at $9.4360, with a volume of 173 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently commented on SFSHF. Oddo Bhf raised Safestore to an “outperform” rating in a research note on Thursday, January 15th. Kepler Capital Markets lowered Safestore from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 10th. Finally, Barclays lowered Safestore from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 10th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Safestore has a consensus rating of “Hold”.

Safestore Stock Up 12.8%

The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.38. The firm has a 50-day simple moving average of $9.84 and a 200 day simple moving average of $9.38.

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.