Safestay (LON:SSTY) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Safestay plc (LON:SSTY)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 24.45 ($0.30) and traded as low as GBX 23 ($0.29). Safestay shares last traded at GBX 23 ($0.29), with a volume of 1,087 shares.

Safestay Price Performance

The stock has a 50 day simple moving average of GBX 24.87 and a 200-day simple moving average of GBX 24.45. The firm has a market cap of £14.94 million, a PE ratio of -2,575.00 and a beta of 1.34. The company has a current ratio of 0.46, a quick ratio of 1.27 and a debt-to-equity ratio of 160.52.

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.