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

Safestay plc (LON:SSTY) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 24.49 ($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 18,883 shares traded.

Safestay Trading Down 0.6 %

The company has a market cap of £13.56 million, a P/E ratio of -21.75 and a beta of 1.34. 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 firm’s 50-day moving average price is GBX 21.99 and its 200-day moving average price is GBX 24.49.

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.