Safestay (LON:SSTY) Shares Down 10.9% – What’s Next?

Safestay plc (LON:SSTY)’s stock price dropped 10.9% during mid-day trading on Tuesday . The company traded as low as GBX 19.60 ($0.25) and last traded at GBX 19.60 ($0.25). Approximately 104,471 shares traded hands during mid-day trading, an increase of 495% from the average daily volume of 17,562 shares. The stock had previously closed at GBX 22 ($0.28).

Safestay Price Performance

The stock has a market capitalization of £13.25 million, a P/E ratio of -21.25 and a beta of 1.34. The stock’s fifty day moving average is GBX 23.36 and its 200-day moving average is GBX 24.79. The company has a debt-to-equity ratio of 160.52, a current ratio of 0.45 and a quick ratio of 1.27.

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.