Safestore (LON:SAFE) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Safestore Holdings Plc (LON:SAFE) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 720.50 and traded as high as GBX 757. Safestore shares last traded at GBX 749.63, with a volume of 328,905 shares trading hands.

Safestore Stock Performance

The firm has a market capitalization of £1.65 billion, a PE ratio of 14.89, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. The company’s fifty day moving average price is GBX 785.49 and its two-hundred day moving average price is GBX 720.50.

Safestore (LON:SAFE) last released its earnings results on Thursday, January 15th. The company reported GBX 40.10 earnings per share (EPS) for the quarter. Safestore had a net margin of 47.44% and a return on equity of 4.88%. On average, equities analysts expect that Safestore Holdings Plc will post 42.6926692 earnings per share for the current year.

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. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.