Safestay (LON:SSTY) Trading Down 11.1% – Here’s What Happened

Safestay plc (LON:SSTY)’s share price traded down 11.1% during trading on Thursday . The company traded as low as GBX 10.30 and last traded at GBX 12. 198,774 shares changed hands during trading, a decline of 21% from the average session volume of 250,986 shares. The stock had previously closed at GBX 13.50.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Safestay in a report on Monday.

Safestay Stock Performance

The firm has a market capitalization of £7.79 million, a P/E ratio of -15.00 and a beta of 1.34. The company has a 50-day simple moving average of GBX 14.57 and a two-hundred day simple moving average of GBX 16.39. The company has a debt-to-equity ratio of 159.81, a quick ratio of 1.27 and a current ratio of 0.27.

About Safestay

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.