Access Self Storage Inc. Acquires 89,700 Shares of StorageVault Canada (TSE:SVI) Stock

StorageVault Canada Inc. (TSE:SVIGet Free Report) insider Access Self Storage Inc. purchased 89,700 shares of the firm’s stock in a transaction on Wednesday, July 15th. The shares were acquired at an average cost of C$4.60 per share, with a total value of C$412,620.00. Following the completion of the acquisition, the insider directly owned 136,992,005 shares in the company, valued at C$630,163,223. The trade was a 0.07% increase in their ownership of the stock.

StorageVault Canada Stock Performance

SVI opened at C$4.87 on Wednesday. StorageVault Canada Inc. has a one year low of C$4.11 and a one year high of C$5.39. The company has a market cap of C$1.78 billion, a P/E ratio of -121.75 and a beta of 0.77. The business’s 50-day simple moving average is C$4.57 and its 200-day simple moving average is C$4.67.

StorageVault Canada (TSE:SVIGet Free Report) last announced its quarterly earnings results on Wednesday, April 22nd. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$85.22 million during the quarter. StorageVault Canada had a negative net margin of 4.28% and a negative return on equity of 14.88%.

Analyst Upgrades and Downgrades

SVI has been the topic of a number of recent analyst reports. National Bank Financial set a C$6.25 target price on shares of StorageVault Canada and gave the company an “outperform” rating in a research report on Monday, April 20th. Raymond James Financial raised shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from C$5.50 to C$5.25 in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$5.75.

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About StorageVault Canada

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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.

Further Reading

Insider Buying and Selling by Quarter for StorageVault Canada (TSE:SVI)

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