Safestay (LON:SSTY) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Safestay plc (LON:SSTY) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 14.07 and traded as low as GBX 12. Safestay shares last traded at GBX 12, with a volume of 8,037 shares traded.

Analyst Ratings Changes

Separately, Shore Capital Group reaffirmed a “house stock” rating on shares of Safestay in a research note on Wednesday, August 5th.

Safestay Stock Down 4.0%

The company has a debt-to-equity ratio of 334.89, a quick ratio of 1.26 and a current ratio of 0.55. The stock’s 50 day simple moving average is GBX 13.39 and its 200 day simple moving average is GBX 14.07. The firm has a market cap of £7.79 million, a P/E ratio of -0.78 and a beta of 1.34.

Safestay (LON:SSTY) last announced its quarterly earnings results on Monday, June 29th. The company reported GBX (15.48) earnings per share (EPS) for the quarter. Safestay had a negative return on equity of 44.19% and a negative net margin of 48.84%. Research analysts anticipate that Safestay plc will post 24.0500009 EPS for the current year.

About Safestay

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.