Safestay (LON:SSTY) Reaches New 52-Week Low – Here’s Why

Safestay plc (LON:SSTY) reached a new 52-week low on Friday . The company traded as low as GBX 19 and last traded at GBX 19.01, with a volume of 39994 shares. The stock had previously closed at GBX 20.50.

Analysts Set New Price Targets

Separately, Shore Capital reissued a “house stock” rating on shares of Safestay in a research report on Tuesday, September 23rd.

Safestay Stock Down 7.3%

The business has a 50 day simple moving average of GBX 21.24 and a 200 day simple moving average of GBX 22.11. The company has a market capitalization of £12.34 million, a price-to-earnings ratio of -23.76 and a beta of 1.34. The company has a debt-to-equity ratio of 160.52, a current ratio of 0.45 and a quick ratio of 1.27.

Safestay (LON:SSTY) last issued its quarterly earnings data on Tuesday, September 23rd. The company reported GBX 0.73 earnings per share for the quarter. Safestay had a negative return on equity of 1.16% and a negative net margin of 1.74%. As a group, equities analysts predict that Safestay plc will post 24.0500009 earnings per share for the current fiscal 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.