Safestore (LON:SAFE) Reaches New 12-Month Low – What’s Next?

Safestore Holdings Plc (LON:SAFE) shares hit a new 52-week low on Monday . The stock traded as low as GBX 598.50 and last traded at GBX 615, with a volume of 27978 shares trading hands. The stock had previously closed at GBX 614.

Safestore Stock Up 0.2%

The stock has a market cap of £1.34 billion, a P/E ratio of 12.15, a price-to-earnings-growth ratio of 2.05 and a beta of 1.17. The firm’s 50-day moving average is GBX 659.12 and its two-hundred day moving average is GBX 715.09.

Insiders Place Their Bets

In other Safestore news, insider Simon Clinton acquired 6,166 shares of the business’s stock in a transaction that occurred on Monday, March 23rd. The shares were purchased at an average price of GBX 613 per share, with a total value of £37,797.58. Insiders own 7.88% of the company’s stock.

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.