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

Safestore Holdings Plc (LON:SAFE)’s stock price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 795.39 ($9.68) and traded as low as GBX 651.50 ($7.93). Safestore shares last traded at GBX 664.50 ($8.08), with a volume of 494,668 shares traded.

Safestore Price Performance

The business has a 50-day moving average price of GBX 695.16 and a two-hundred day moving average price of GBX 792.20. 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 capitalization of £1.36 billion, a price-to-earnings ratio of 515.70, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86.

Safestore Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Thursday, March 13th will be issued a dividend of GBX 20.40 ($0.25) per share. This is an increase from Safestore’s previous dividend of $10.00. The ex-dividend date is Thursday, March 13th. This represents a yield of 3.42%. Safestore’s dividend payout ratio is presently 2,479.34%.

Insider Buying and Selling at Safestore

In related news, insider Avis Darzins acquired 1,581 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was purchased at an average cost of GBX 628 ($7.64) per share, with a total value of £9,928.68 ($12,080.16). Insiders own 2.77% of the company’s stock.

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.