Shares of Safestay plc (LON:SSTY – Get Free Report) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of GBX 12.44 and traded as high as GBX 13. Safestay shares last traded at GBX 12, with a volume of 40,609 shares.
Analyst Ratings Changes
Separately, Shore Capital Group reissued a “house stock” rating on shares of Safestay in a report on Wednesday, August 5th.
View Our Latest Stock Analysis on SSTY
Safestay Stock Performance
Safestay (LON:SSTY – Get Free Report) last announced its earnings results on Friday, September 25th. The company reported GBX (2.76) EPS for the quarter. Safestay had a negative return on equity of 44.19% and a negative net margin of 48.84%. As a group, sell-side analysts expect that Safestay plc will post 24.0500009 earnings per share for the current fiscal 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.
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