Safestay (LON:SSTY) Shares Up 0.9% – Time to Buy?

Safestay plc (LON:SSTY) shares were up 0.9% during mid-day trading on Thursday . The company traded as high as GBX 26.75 ($0.35) and last traded at GBX 26.75 ($0.35). Approximately 3,000 shares were traded during trading, a decline of 86% from the average daily volume of 20,761 shares. The stock had previously closed at GBX 26.50 ($0.34).

Analysts Set New Price Targets

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

Safestay Price Performance

The firm has a market cap of £17.21 million, a P/E ratio of -2,575.00 and a beta of 1.34. The company has a quick ratio of 1.27, a current ratio of 0.46 and a debt-to-equity ratio of 160.52. The business’s 50 day moving average is GBX 25.86 and its two-hundred day moving average is GBX 22.13.

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.