Safestore (LON:SAFE) Share Price Crosses Below 200 Day Moving Average – Should You Sell?

Safestore Holdings Plc (LON:SAFEGet Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 727.87 and traded as low as GBX 664. Safestore shares last traded at GBX 667.25, with a volume of 288,243 shares changing hands.

Safestore Stock Up 0.2%

The company has a market cap of £1.46 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 2.05 and a beta of 1.17. The company’s 50-day moving average is GBX 683.91 and its two-hundred day moving average is GBX 727.87.

Insiders Place Their Bets

In related news, insider Simon Clinton purchased 6,166 shares of Safestore stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average price of GBX 613 per share, for a total transaction of £37,797.58. Insiders own 7.87% of the company’s stock.

Safestore Company Profile

(Get Free Report)

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.

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