Safestay (LON:SSTY) Share Price Crosses Above 50 Day Moving Average – Here’s Why

Safestay plc (LON:SSTYGet Free Report)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 13.40 and traded as high as GBX 13.90. Safestay shares last traded at GBX 13.20, with a volume of 13,826 shares.

Wall Street Analyst Weigh In

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Safestay in a research report on Monday, June 29th.

Read Our Latest Stock Analysis on Safestay

Safestay Stock Down 2.2%

The stock has a fifty day moving average of GBX 13.40 and a 200 day moving average of GBX 14.75. The firm has a market capitalization of £8.57 million, a P/E ratio of -0.85 and a beta of 1.34. The company has a debt-to-equity ratio of 334.89, a current ratio of 0.55 and a quick ratio of 1.26.

Safestay (LON:SSTYGet Free Report) last issued its earnings results on Monday, June 29th. The company reported GBX (15.48) earnings per share (EPS) for the quarter. Safestay had a negative return on equity of 44.19% and a negative net margin of 48.84%. On average, research analysts anticipate that Safestay plc will post 24.0500009 EPS for the current fiscal year.

About Safestay

(Get Free Report)

Safestay PLC is one of Europe’s largest hostel groups, operating in the fragmented and fast-growing global hostel market that is expected to be worth $8.9bn annually by 2027*.

Safestay’s portfolio of 20 premium hostels and one hotel offer guests both private and shared rooms in destination cities across the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.

In 2024, the Group delivered a 10% increase in Total Bed Nights to 931,688, 37% of which were booked through direct and non-commissionable channels.

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