Safestay (LON:SSTY) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Safestay plc (LON:SSTY) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 13.07 and traded as high as GBX 13.50. Safestay shares last traded at GBX 12.30, with a volume of 253 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group restated a “house stock” rating on shares of Safestay in a report on Monday, June 1st.

Safestay Trading Down 8.9%

The company has a market capitalization of £7.99 million, a price-to-earnings ratio of -15.38 and a beta of 1.34. The company has a debt-to-equity ratio of 159.81, a quick ratio of 1.26 and a current ratio of 0.27. The business’s 50-day simple moving average is GBX 13.07 and its 200-day simple moving average is GBX 15.

Safestay Company Profile

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.