Safestay (LON:SSTY) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Safestay plc (LON:SSTY) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 24.69 ($0.31) and traded as low as GBX 22.14 ($0.28). Safestay shares last traded at GBX 22.14 ($0.28), with a volume of 12,006 shares changing hands.

Safestay Price Performance

The firm has a market cap of £14.94 million, a PE ratio of -23.96 and a beta of 1.34. The company has a debt-to-equity ratio of 160.52, a quick ratio of 1.27 and a current ratio of 0.45. The company’s 50-day simple moving average is GBX 24.11 and its two-hundred day simple moving average is GBX 24.69.

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.