Safestore (LON:SAFE) Hits New 12-Month Low – Here’s Why

Safestore Holdings Plc (LON:SAFE) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 624 ($7.62) and last traded at GBX 632.50 ($7.72), with a volume of 460028 shares changing hands. The stock had previously closed at GBX 652 ($7.96).

Safestore Price Performance

The company’s 50 day simple moving average is GBX 710.92 and its 200 day simple moving average is GBX 797.45. The company has a debt-to-equity ratio of 42.94, a current ratio of 0.42 and a quick ratio of 0.90. The stock has a market cap of £1.38 billion, a P/E ratio of 523.55, a P/E/G 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.