Safestore (LON:SAFE) Sets New 52-Week Low – Should You Sell?

Safestore Holdings Plc (LON:SAFEGet Free Report) shares hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 633.50 ($7.93) and last traded at GBX 648 ($8.11), with a volume of 99441 shares traded. The stock had previously closed at GBX 644 ($8.06).

Safestore Stock Performance

The stock has a 50-day moving average of GBX 736.81 and a 200 day moving average of GBX 804.88. The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.90 and a current ratio of 0.42. The firm has a market capitalization of £1.42 billion, a P/E ratio of 535.95, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

About Safestore

(Get Free Report)

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.

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