Safestore (LON:SAFE) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Shares of Safestore Holdings Plc (LON:SAFE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 719.95 and traded as low as GBX 642. Safestore shares last traded at GBX 646.94, with a volume of 428,354 shares trading hands.

Safestore Trading Down 0.8%

The stock has a fifty day simple moving average of GBX 661.37 and a 200-day simple moving average of GBX 718.77. The stock has a market cap of £1.40 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 2.05 and a beta of 1.17.

Insider Activity

In related news, insider Simon Clinton acquired 6,166 shares of the stock in a transaction dated Monday, March 23rd. The shares were acquired at an average price of GBX 613 per share, for a total transaction of £37,797.58. Insiders own 7.87% of the company’s stock.

About Safestore

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.