Safestore (LON:SAFE) Share Price Passes Below 200 Day Moving Average of $807.60

Safestore Holdings Plc (LON:SAFE)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 807.60 ($10.24) and traded as low as GBX 770 ($9.77). Safestore shares last traded at GBX 782 ($9.92), with a volume of 330,388 shares traded.

Safestore Price Performance

The company has a debt-to-equity ratio of 42.75, a current ratio of 0.45 and a quick ratio of 0.90. The firm has a market capitalization of £1.71 billion, a P/E ratio of 878.65, a P/E/G ratio of 2.05 and a beta of 0.74. The firm’s 50 day simple moving average is GBX 824.26 and its two-hundred day simple moving average is GBX 807.60.

Safestore Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, August 8th. Shareholders of record on Thursday, July 4th will be given a GBX 10 ($0.13) dividend. This represents a dividend yield of 1.21%. The ex-dividend date of this dividend is Thursday, July 4th. Safestore’s payout ratio is 3,370.79%.

Safestore Company Profile

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.