Safestay (LON:SSTY) Share Price Passes Below 200-Day Moving Average – Time to Sell?

Safestay plc (LON:SSTY)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 24.73 ($0.32) and traded as low as GBX 20.88 ($0.27). Safestay shares last traded at GBX 20.88 ($0.27), with a volume of 19 shares traded.

Safestay Trading Down 0.6 %

The company has a quick ratio of 1.27, a current ratio of 0.45 and a debt-to-equity ratio of 160.52. The company has a market cap of £13.56 million, a P/E ratio of -21.75 and a beta of 1.34. The business has a fifty day moving average price of GBX 22.57 and a 200-day moving average price of GBX 24.73.

Safestay Company Profile

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.