Safestore (LON:SAFE) Hits New 1-Year Low – What’s Next?

Safestore Holdings Plc (LON:SAFE) reached a new 52-week low on Monday . The stock traded as low as GBX 672 ($8.54) and last traded at GBX 672 ($8.54), with a volume of 57817 shares trading hands. The stock had previously closed at GBX 687 ($8.73).

Safestore Trading Up 0.8 %

The company has a fifty day simple moving average of GBX 783.13 and a two-hundred day simple moving average of GBX 820.92. The company has a debt-to-equity ratio of 42.94, a current ratio of 0.42 and a quick ratio of 0.90. The company has a market capitalization of £1.47 billion, a P/E ratio of 552.48, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

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.