StorageVault Canada (TSE:SVI) Hits New 52-Week Low – Here’s What Happened

StorageVault Canada Inc. (TSE:SVI) shares hit a new 52-week low on Tuesday . The company traded as low as C$4.11 and last traded at C$4.11, with a volume of 532700 shares trading hands. The stock had previously closed at C$4.22.

Analysts Set New Price Targets

Several brokerages have recently commented on SVI. Royal Bank Of Canada upped their price objective on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a report on Friday, July 24th. Raymond James Financial raised StorageVault Canada from an “outperform” rating to a “strong-buy” rating and cut their target price for the company from C$5.50 to C$5.25 in a research report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, StorageVault Canada presently has an average rating of “Buy” and a consensus target price of C$5.86.

StorageVault Canada Stock Up 0.5%

The firm has a market cap of C$1.52 billion, a price-to-earnings ratio of -101.22 and a beta of 0.70. The company’s 50-day moving average price is C$4.58 and its 200-day moving average price is C$4.53.

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

Insider Buying and Selling

In other StorageVault Canada news, insider Access Self Storage Inc. purchased 89,700 shares of the firm’s stock in a transaction on Wednesday, July 15th. The stock was bought at an average price of C$4.60 per share, with a total value of C$412,620.00. Following the transaction, the insider directly owned 136,992,005 shares of the company’s stock, valued at approximately C$630,163,223. This represents a 0.07% increase in their position. 38.49% of the stock is owned by corporate insiders.

StorageVault Canada Company Profile

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.