StorageVault Canada (TSE:SVI) Hits New 1-Year Low – Here’s Why

StorageVault Canada Inc. (TSE:SVI – Get Free Report)’s share price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as C$4.08 and last traded at C$4.10, with a volume of 5255 shares traded. The stock had previously closed at C$4.13.

Analyst Upgrades and Downgrades

Separately, Royal Bank Of Canada boosted their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, StorageVault Canada presently has a consensus rating of “Buy” and an average price target of C$5.86.

Check Out Our Latest Analysis on SVI

StorageVault Canada Stock Down 1.0%

The stock’s 50-day moving average price is C$4.45 and its 200-day moving average price is C$4.49. The company has a market capitalization of C$1.50 billion, a price-to-earnings ratio of -99.76 and a beta of 0.70.

StorageVault Canada (TSE:SVI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 22nd. The company reported C($0.02) earnings per share for the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%. The company had revenue of C$91.09 million during the quarter.

Insider Activity at StorageVault Canada

In other news, insider Access Self Storage Inc. bought 89,700 shares of the company’s stock in a transaction dated Wednesday, July 15th. The stock was bought at an average price of C$4.60 per share, for a total transaction of C$412,620.00. Following the completion of the transaction, the insider directly owned 136,992,005 shares in the company, valued at C$630,163,223. The trade was a 0.07% increase in their position. Company insiders own 38.49% of the company’s stock.

About StorageVault Canada

(Get Free Report)

StorageVault currently owns and operates 275 storage locations across Canada. StorageVault owns 243 of these locations plus over 5,000 portable storage units representing over 13.8 million rentable square feet on 802 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.

Further Reading

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