Safestore (LON:SAFE) Reaches New 1-Year Low – Should You Sell?

Safestore Holdings Plc (LON:SAFE) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 596 and last traded at GBX 598, with a volume of 217106 shares changing hands. The stock had previously closed at GBX 604.

Safestore Trading Down 1.0%

The company has a current ratio of 0.39, a quick ratio of 0.90 and a debt-to-equity ratio of 49.06. The stock has a market capitalization of £1.31 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 2.05 and a beta of 1.14. The firm has a 50-day moving average of GBX 655.96 and a 200 day moving average of GBX 711.60.

Safestore (LON:SAFE) last posted its earnings results on Thursday, June 11th. The company reported GBX 18.90 EPS for the quarter. Safestore had a return on equity of 2.86% and a net margin of 26.93%.The firm had revenue of £120.60 million for the quarter. As a group, equities analysts predict that Safestore Holdings Plc will post 42.6926692 EPS for the current fiscal year.

Insider Buying and Selling

In other Safestore news, insider Simon Clinton bought 6,166 shares of the stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average cost of GBX 613 per share, for a total transaction of £37,797.58. 7.88% of the stock is currently owned by corporate insiders.

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. In addition, the Group operates 7 stores in Germany under a Joint Venture agreement with Carlyle.