StorageVault Canada (TSE:SVI) Stock: Insider Storagevault Canada Inc. Buys 10,000 Shares

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock in a transaction that occurred on Wednesday, September 30th. The stock was bought at an average cost of C$4.13 per share, with a total value of C$41,300.00. Following the completion of the transaction, the insider owned 20,000 shares of the company’s stock, valued at C$82,600. The trade was a 100.00% increase in their ownership of the stock.

Storagevault Canada Inc. also recently made the following trade(s):

• On Wednesday, September 23rd, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The shares were purchased at an average cost of C$4.21 per share, for a total transaction of C$42,100.00.
• On Friday, September 25th, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$4.15 per share, with a total value of C$41,500.00.
• On Monday, September 28th, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$4.20 per share, with a total value of C$42,000.00.

StorageVault Canada Stock Down 0.2%

TSE:SVI traded down C$0.01 during mid-day trading on Thursday, reaching C$4.15. 52,284 shares of the stock were exchanged, compared to its average volume of 312,066. The stock has a market capitalization of C$1.52 billion, a P/E ratio of -101.22 and a beta of 0.79. StorageVault Canada Inc. has a 1 year low of C$4.02 and a 1 year high of C$5.39. The company has a 50 day simple moving average of C$4.38 and a 200-day simple moving average of C$4.48.

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

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SVI. Raymond James Financial cut shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and reduced their target price for the company from C$5.75 to C$5.25 in a report on Friday, October 2nd. Royal Bank Of Canada boosted their price target on 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. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, StorageVault Canada presently has an average rating of “Moderate Buy” and an average price target of C$5.86.

About StorageVault Canada

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.