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

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The shares were acquired at an average cost of C$4.20 per share, with a total value of C$42,000.00. Following the purchase, the insider directly owned 10,000 shares of the company’s stock, valued at C$42,000. This trade represents a ? increase in their position.

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

• On Wednesday, September 23rd, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The stock was acquired at an average price 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 acquired at an average price of C$4.15 per share, for a total transaction of C$41,500.00.
• On Wednesday, September 30th, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The stock was acquired at an average cost of C$4.13 per share, for a total transaction of C$41,300.00.

StorageVault Canada Trading Down 0.5%

Shares of SVI opened at C$4.12 on Friday. StorageVault Canada Inc. has a 12-month low of C$4.02 and a 12-month high of C$5.39. The company has a market cap of C$1.51 billion, a PE ratio of -100.49 and a beta of 0.79. The stock has a 50-day moving average price of C$4.35 and a 200-day moving average price of C$4.47.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Raymond James Financial downgraded shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and dropped their price objective for the stock from C$5.75 to C$5.25 in a report on Friday, October 2nd. Royal Bank Of Canada lifted their price target on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$5.86.

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.