StorageVault Canada (TSE:SVI) Reaches New 1-Year Low – Here’s Why

StorageVault Canada Inc. (TSE:SVI)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$3.80 and last traded at C$3.80, with a volume of 202868 shares. The stock had previously closed at C$3.90.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on SVI. Scotiabank dropped their price objective on StorageVault Canada from C$5.50 to C$5.25 in a report on Tuesday. National Bankshares upped their price objective on shares of StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. CIBC set a C$5.00 target price on shares of StorageVault Canada and gave the company a “negative” rating in a report on Tuesday, December 17th. Raymond James cut their price target on shares of StorageVault Canada from C$5.25 to C$4.70 in a report on Monday, January 13th. Finally, Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. One analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$5.62.

StorageVault Canada Trading Down 3.6 %

The company has a market capitalization of C$1.40 billion, a P/E ratio of -47.00 and a beta of 0.89. The stock has a 50 day moving average price of C$3.99 and a 200 day moving average price of C$4.44.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.08). StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%. The firm had revenue of C$78.96 million for the quarter.

Insider Buying and Selling

In related news, insider StorageVault Canada Inc. bought 25,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of C$3.92 per share, with a total value of C$97,930.00. Insiders have acquired a total of 56,100 shares of company stock worth $224,858 in the last ninety days. Company insiders own 38.49% of the company’s stock.

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.