StorageVault Canada Inc. (TSE:SVI – Get Free Report) shares passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$4.19 and traded as low as C$4.16. StorageVault Canada shares last traded at C$4.16, with a volume of 137,462 shares trading hands.
Analyst Upgrades and Downgrades
SVI has been the subject of several analyst reports. Canaccord Genuity Group lowered their target price on shares of StorageVault Canada from C$5.75 to C$5.25 and set a “buy” rating for the company in a report on Friday, October 23rd. National Bank Financial dropped their price target on shares of StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research note on Wednesday, October 21st. Raymond James Financial downgraded shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and cut their price target for the company from C$5.75 to C$5.25 in a report on Friday, October 2nd. ATB Cormark Capital Markets reduced their price objective on shares of StorageVault Canada from C$6.00 to C$5.15 and set an “outperform” rating on the stock in a research report on Friday, October 23rd. Finally, Desjardins decreased their price objective on shares of StorageVault Canada from C$6.00 to C$5.25 and set a “buy” rating for the company in a research note on Friday, October 23rd. Six research analysts have rated the stock with a Buy rating. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$5.52.
Read Our Latest Research Report on StorageVault Canada
StorageVault Canada Price Performance
The business has a 50 day simple moving average of C$4.18 and a two-hundred day simple moving average of C$4.50. The firm has a market cap of C$1.51 billion, a PE ratio of -36.00 and a beta of 0.76.
StorageVault Canada (TSE:SVI – Get Free Report) last issued its earnings results on Wednesday, October 21st. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$94.24 million for the quarter. StorageVault Canada had a negative net margin of 11.77% and a negative return on equity of 50.22%.
Insider Activity at StorageVault Canada
In related news, Director Deborah Wallis Robinson acquired 7,242 shares of the stock in a transaction on Friday, October 30th. The stock was bought at an average cost of C$4.03 per share, with a total value of C$29,185.26. Following the transaction, the director directly owned 20,388 shares in the company, valued at approximately C$82,163.64. This represents a 55.09% increase in their ownership of the stock. Also, insider Storagevault Canada Inc. acquired 10,000 shares of the stock in a transaction 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 in the company, valued at C$82,600. This trade represents a 100.00% increase in their ownership of the stock. Insiders purchased 155,511 shares of company stock worth $628,721 in the last 90 days. 38.49% of the stock is owned by corporate insiders.
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.
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