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

Shares of Safestore Holdings Plc (LON:SAFE) crossed 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 traded.

Safestore Price Performance

The firm has a market capitalization of £1.42 billion, a price-to-earnings ratio of 12.83, a PEG ratio of 2.05 and a beta of 1.17. The firm’s fifty day moving average is GBX 662.59 and its 200 day moving average is GBX 719.95.

Insider Activity at Safestore

In related news, insider Simon Clinton purchased 6,166 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was acquired at an average cost of GBX 613 per share, for a total transaction of £37,797.58. Corporate 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.