Safestore (LON:SAFE) Hits New 52-Week Low – Here’s What Happened

Safestore Holdings Plc (LON:SAFE)’s stock price reached a new 52-week low on Monday . The company traded as low as GBX 642.50 ($8.08) and last traded at GBX 652 ($8.20), with a volume of 241970 shares changing hands. The stock had previously closed at GBX 652.50 ($8.20).

Safestore Stock Performance

The firm’s 50 day moving average is GBX 770.83 and its 200 day moving average is GBX 815.72. The company has a debt-to-equity ratio of 42.94, a quick ratio of 0.90 and a current ratio of 0.42. The stock has a market cap of £1.42 billion, a P/E ratio of 538.84, a price-to-earnings-growth 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.