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

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. acquired 10,000 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The shares were bought at an average price of C$4.21 per share, for a total transaction of C$42,100.00. Following the completion of the acquisition, the insider owned 10,000 shares in the company, valued at approximately C$42,100. This trade represents a ? increase in their ownership of the stock.

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

• On Friday, September 25th, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The stock was bought at an average cost of C$4.15 per share, for a total transaction of C$41,500.00.
• On Monday, September 28th, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The shares were bought at an average cost of C$4.20 per share, with a total value of C$42,000.00.
• On Wednesday, September 30th, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The shares were bought at an average cost of C$4.13 per share, for a total transaction of C$41,300.00.

StorageVault Canada Stock Down 0.2%

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

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

Analyst Ratings Changes

SVI has been the topic of a number of research reports. Royal Bank Of Canada raised their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Friday, July 24th. Raymond James Financial downgraded StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and decreased their target price for the stock from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Six research 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, the stock currently has an average rating of “Moderate Buy” and a consensus 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.