Safestore (LON:SAFE) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Safestore Holdings Plc (LON:SAFE) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 723.51 and traded as low as GBX 615. Safestore shares last traded at GBX 620, with a volume of 510,544 shares traded.

Safestore Price Performance

The firm has a 50 day simple moving average of GBX 669.77 and a 200-day simple moving average of GBX 723.51. The stock has a market cap of £1.35 billion, a P/E ratio of 12.25, a price-to-earnings-growth ratio of 2.05 and a beta of 1.17.

Insider Transactions at Safestore

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

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