StorageVault Canada (TSE:SVI) Posts Earnings Results

StorageVault Canada (TSE:SVI) issued its quarterly earnings results on Wednesday. The company reported C($0.02) earnings per share (EPS) for the quarter, FiscalAI reports. 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$94.24 million during the quarter.

StorageVault Canada Price Performance

StorageVault Canada stock opened at C$4.23 on Friday. The stock’s 50 day moving average price is C$4.27 and its 200 day moving average price is C$4.46. The company has a market cap of C$1.55 billion, a PE ratio of -103.17 and a beta of 0.79. StorageVault Canada has a 1-year low of C$4.02 and a 1-year high of C$5.39.

Insiders Place Their Bets

In other news, insider Storagevault Canada Inc. purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were acquired at an average price of C$4.21 per share, with a total value of C$42,100.00. Following the purchase, the insider directly owned 10,000 shares of the company’s stock, valued at C$42,100. The trade was a ∞ increase in their ownership of the stock. Insiders have bought 44,282 shares of company stock worth $184,627 in the last quarter. Corporate insiders own 38.49% of the company’s stock.

Wall Street Analysts Forecast Growth

SVI has been the topic of a number of recent research reports. National Bank Financial dropped their target price on StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Wednesday. Royal Bank Of Canada lifted their price objective 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. Finally, Raymond James Financial downgraded shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and cut their price objective for the stock from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, StorageVault Canada currently has a consensus rating of “Moderate Buy” and an average price target of C$5.79.

StorageVault Canada Company Profile

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.