Safestore (OTCMKTS:SFSHF) Shares Down 3.9% – What’s Next?

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

Wall Street Analysts Forecast Growth

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

Safestore Stock Performance

The firm’s 50-day moving average price is $8.48 and its 200 day moving average price is $10.06.

Safestore Company Profile

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.