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

Safestore Holdings Plc (LON:SAFE)’s share price passed 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 Stock Up 0.6%

The firm’s 50-day moving average price is GBX 662.59 and its two-hundred day moving average price is GBX 719.95. The firm has a market capitalization of £1.42 billion, a PE ratio of 12.83, a P/E/G ratio of 2.05 and a beta of 1.17.

Insider Buying and Selling at Safestore

In other news, insider Simon Clinton bought 6,166 shares of the company’s stock in a transaction dated Monday, March 23rd. The shares were acquired at an average cost of GBX 613 per share, with a total value of £37,797.58. 7.87% of the stock is currently owned by company insiders.

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.