Safestore (OTCMKTS:SFSHF) Shares Down 3.9% – Should You Sell?

Safestore Holdings Plc (OTCMKTS:SFSHF) traded down 3.9% during trading on Tuesday . The company traded as low as $7.55 and last traded at $7.55. 444 shares were traded during mid-day trading, an increase of 38% from the average session volume of 322 shares. The stock had previously closed at $7.86.

Wall Street Analyst Weigh In

Separately, Barclays lowered Safestore from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 4th.

Safestore Price Performance

The stock’s 50 day simple moving average is $8.59 and its 200-day simple moving average is $10.09.

About Safestore

Safestore is the UK’s largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.