Shares of Safestay plc (LON:SSTY – Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 13.07 and traded as high as GBX 13.50. Safestay shares last traded at GBX 12.30, with a volume of 253 shares trading hands.
Analyst Upgrades and Downgrades
Separately, Shore Capital Group restated a “house stock” rating on shares of Safestay in a research report on Monday, June 1st.
Read Our Latest Report on SSTY
Safestay Trading Up 11.1%
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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