Safestay (LON:SSTY) Reaches New 1-Year Low – Here’s What Happened

Safestay plc (LON:SSTY)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 14 and last traded at GBX 14, with a volume of 159693 shares changing hands. The stock had previously closed at GBX 15.

Safestay Stock Down 6.7%

The company has a market cap of £9.09 million, a PE ratio of -17.50 and a beta of 1.34. The stock’s 50 day moving average price is GBX 15.66 and its 200-day moving average price is GBX 17.65. The company has a debt-to-equity ratio of 159.81, a quick ratio of 1.27 and a current ratio of 0.27.

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.

In 2024, the Group delivered a 10% increase in Total Bed Nights to 931,688, 37% of which were booked through direct and non-commissionable channels.