Safestay (LON:SSTY) Stock Passes Above 50 Day Moving Average – Here’s Why

Safestay plc (LON:SSTY)’s share price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 16.71 and traded as high as GBX 16.75. Safestay shares last traded at GBX 16.02, with a volume of 109 shares trading hands.

Analyst Ratings Changes

Separately, Shore Capital Group restated a “house stock” rating on shares of Safestay in a research report on Tuesday, November 25th.

Safestay Price Performance

The firm has a market capitalization of £10.83 million, a PE ratio of -20.84 and a beta of 1.34. The company has a current ratio of 0.45, a quick ratio of 1.27 and a debt-to-equity ratio of 160.52. The company has a fifty day moving average price of GBX 16.71 and a two-hundred day moving average price of GBX 19.60.

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.