Safestore (LON:SAFE) Hits New 1-Year Low – What’s Next?

Safestore Holdings Plc (LON:SAFE) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 624 ($7.78) and last traded at GBX 632.50 ($7.89), with a volume of 460028 shares changing hands. The stock had previously closed at GBX 652 ($8.13).

Safestore Price Performance

The company’s fifty day moving average price is GBX 722.28 and its two-hundred day moving average price is GBX 800.97. The company has a quick ratio of 0.90, a current ratio of 0.42 and a debt-to-equity ratio of 42.94. The company has a market cap of £1.38 billion, a price-to-earnings ratio of 522.73, a PEG ratio of 2.05 and a beta of 0.86.

Safestore Company Profile

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.