Safestore (LON:SAFE) Stock Crosses Below 200 Day Moving Average – Here’s Why

Safestore Holdings Plc (LON:SAFEGet Free Report)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 728.98 and traded as low as GBX 658.50. Safestore shares last traded at GBX 664.50, with a volume of 700,518 shares trading hands.

Safestore Stock Performance

The firm has a market cap of £1.45 billion, a P/E ratio of 13.13, a P/E/G ratio of 2.05 and a beta of 1.19. The company’s 50 day moving average is GBX 696.92 and its 200 day moving average is GBX 729.32.

Insider Buying and Selling

In other Safestore news, insider Simon Clinton bought 6,166 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were acquired at an average cost of GBX 613 per share, for a total transaction of £37,797.58. 7.87% of the stock is currently owned by corporate insiders.

Safestore Company Profile

(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. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.

Recommended Stories

Receive News & Ratings for Safestore Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safestore and related companies with MarketBeat.com's FREE daily email newsletter.