Safestay (LON:SSTY) Stock Price Up 9.5%

Safestay plc (LON:SSTY)’s stock price was up 9.5% during trading on Thursday . The company traded as high as GBX 23.94 ($0.31) and last traded at GBX 23 ($0.30). Approximately 53,135 shares were traded during trading, an increase of 137% from the average daily volume of 22,419 shares. The stock had previously closed at GBX 21 ($0.28).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “house stock” rating on shares of Safestay in a research note on Tuesday, August 13th.

Safestay Stock Performance

The company has a debt-to-equity ratio of 150.58, a quick ratio of 1.27 and a current ratio of 0.48. The firm has a 50 day moving average price of GBX 20.64 and a two-hundred day moving average price of GBX 20.08. The company has a market capitalization of £16.87 million, a P/E ratio of -2,500.00 and a beta of 1.35.

About Safestay

Safestay plc operates and develops traveller accommodation under the Safestay brand in the United Kingdom, Belgium, Portugal, Spain, and rest of Europe. The company provides overnight hostel accommodation services and owns properties, as well as owns and operates hotels. It also provides ancillary goods and services, such as food and beverage, and merchandise.