Safestay (LON:SSTY) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Safestay plc (LON:SSTY) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 24.69 ($0.31) and traded as low as GBX 22.14 ($0.28). Safestay shares last traded at GBX 22.14 ($0.28), with a volume of 12,006 shares.

Safestay Price Performance

The stock has a market capitalization of £14.94 million, a PE ratio of -23.96 and a beta of 1.34. The company has a debt-to-equity ratio of 160.52, a current ratio of 0.45 and a quick ratio of 1.27. The business’s fifty day moving average price is GBX 24.02 and its two-hundred day moving average price is GBX 24.74.

About Safestay

Safestay is one of Europe’s largest hostel groups. Its 20 premium hostels offer guests both private and shared rooms across destination cities within the UK, Spain, Belgium, Czech Republic, Germany, Greece, Italy, Poland, Portugal, and Slovakia.

Safestay’s mission at each of its locations is to provide a safe, inclusive, and enjoyable space that caters to the needs of different travellers.