Safestay (LON:SSTY) Trading Down 1.9% – Should You Sell?

Safestay plc (LON:SSTY) fell 1.9% during mid-day trading on Wednesday . The stock traded as low as GBX 26 ($0.33) and last traded at GBX 26 ($0.33). 10,074 shares traded hands during mid-day trading, a decline of 49% from the average session volume of 19,689 shares. The stock had previously closed at GBX 26.50 ($0.34).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Safestay in a research report on Tuesday, August 13th.

Safestay Price Performance

The company has a market cap of £17.21 million, a PE ratio of -2,575.00 and a beta of 1.34. The business has a 50 day moving average of GBX 26.54 and a 200 day moving average of GBX 23.52. The company has a debt-to-equity ratio of 160.52, a current ratio of 0.46 and a quick ratio of 1.27.

Safestay Company Profile

Safestay plc operates and develops traveller accommodation under the Safestay brand in the United Kingdom, Belgium, Portugal, Spain, and rest of Europe. The company provides overnight hostel accommodation services and owns properties, as well as owns and operates hotels. It also provides ancillary goods and services, such as food and beverage, and merchandise.