StorageVault Canada (TSE:SVI) Hits New 12-Month Low – Should You Sell?

StorageVault Canada Inc. (TSE:SVI – Get Free Report)’s stock price hit a new 52-week low during trading on Friday. The stock traded as low as C$4.02 and last traded at C$4.02, with a volume of 90,216 shares traded. The stock had previously closed at C$4.09.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on SVI. Desjardins reduced their price target on shares of StorageVault Canada from C$6.00 to C$5.25 and set a “buy” rating for the company in a research report on Friday, October 23rd. ATB Cormark Capital Markets cut their target price on 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. National Bank Financial reduced their target price on StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating for the company in a report on Wednesday, October 21st. Canaccord Genuity Group decreased their target price on StorageVault Canada from C$5.75 to C$5.25 and set a “buy” rating for the company in a research report on Friday, October 23rd. Finally, Raymond James Financial cut StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and reduced their price objective for the company from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Six analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, StorageVault Canada presently has an average rating of “Buy” and an average target price of C$5.52.

View Our Latest Stock Analysis on SVI

StorageVault Canada Price Performance

The firm has a market cap of C$1.47 billion, a price-to-earnings ratio of -34.87 and a beta of 0.79. The firm’s 50 day moving average price is C$4.24 and its two-hundred day moving average price is C$4.55.

StorageVault Canada (TSE:SVI – Get Free Report) last issued its quarterly 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 during 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, insider Access Self Storage Inc. bought 103,987 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were acquired at an average price of C$3.99 per share, with a total value of C$414,908.13. Following the completion of the acquisition, the insider owned 137,095,992 shares in the company, valued at approximately C$547,013,008.08. This trade represents a 0.08% increase in their position. Also, insider Storagevault Canada Inc. purchased 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, with a total value of C$42,100.00. Following the purchase, the insider directly owned 10,000 shares of the company’s stock, valued at approximately C$42,100. The trade was a ∞ increase in their ownership of the stock. Insiders acquired a total of 148,269 shares of company stock worth $599,536 over the last quarter. Company insiders own 38.49% of the company’s stock.

About StorageVault Canada

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for StorageVault Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for StorageVault Canada and related companies with MarketBeat.com's FREE daily email newsletter.