Safestay (LON:SSTY) Given “House Stock” Rating at Shore Capital

Shore Capital reissued their house stock rating on shares of Safestay (LON:SSTY) in a research report released on Thursday, Marketbeat reports.

Safestay Stock Down 2.7%

Shares of SSTY traded down GBX 0.50 during midday trading on Thursday, reaching GBX 18. 2,573 shares of the company were exchanged, compared to its average volume of 21,594. Safestay has a 1-year low of GBX 17.50 and a 1-year high of GBX 26.98. The stock has a 50-day moving average price of GBX 20.91 and a 200-day moving average price of GBX 22.03. The company has a current ratio of 0.45, a quick ratio of 1.27 and a debt-to-equity ratio of 160.52. The company has a market cap of £11.69 million, a price-to-earnings ratio of -22.50 and a beta of 1.34.

Safestay (LON:SSTY) last posted its earnings results on Tuesday, September 23rd. The company reported GBX 0.73 earnings per share (EPS) for the quarter. Safestay had a negative return on equity of 1.16% and a negative net margin of 1.74%. Research analysts expect that Safestay will post 24.0500009 earnings per share for the current year.

Safestay Company Profile

Safestay PLC is one of Europe’s largest hostel groups, operating in the fragmented and fast-growing global hostel market that is expected to be worth $8.9bn annually by 2027*.

Safestay’s portfolio of 20 premium hostels and one hotel offer guests both private and shared rooms in destination cities across the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.