Safestay (LON:SSTY) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?
by Amy Steele · The Cerbat GemSafestay plc (LON:SSTY – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 16.05 and traded as low as GBX 11.20. Safestay shares last traded at GBX 12.50, with a volume of 27,372 shares.
Wall Street Analysts Forecast Growth
Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Safestay in a research report on Monday, May 11th.
View Our Latest Stock Analysis on Safestay
Safestay Stock Performance
The stock’s 50-day moving average is GBX 14.14 and its 200 day moving average is GBX 16.02. The stock has a market cap of £8.12 million, a price-to-earnings ratio of -15.63 and a beta of 1.34. The company has a debt-to-equity ratio of 159.81, a current ratio of 0.27 and a quick ratio of 1.27.
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.