StorageVault Canada (TSE:SVI) Trading Down 0.8% – Time to Sell?

StorageVault Canada Inc. (TSE:SVI)’s stock price fell 0.8% during mid-day trading on Tuesday . The stock traded as low as C$4.74 and last traded at C$4.75. 201,782 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 308,982 shares. The stock had previously closed at C$4.79.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SVI shares. TD Securities raised their target price on StorageVault Canada from C$5.50 to C$6.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Canaccord Genuity Group raised their price objective on StorageVault Canada from C$5.00 to C$5.75 and gave the company a “buy” rating in a research report on Friday, October 24th. Royal Bank Of Canada boosted their target price on shares of StorageVault Canada from C$5.75 to C$6.00 and gave the company an “outperform” rating in a report on Friday, October 24th. Raymond James Financial increased their price target on shares of StorageVault Canada from C$5.50 to C$5.75 and gave the stock an “outperform” rating in a research note on Friday, October 24th. Finally, Desjardins boosted their price objective on shares of StorageVault Canada from C$5.00 to C$6.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, StorageVault Canada presently has an average rating of “Moderate Buy” and a consensus price target of C$5.81.

StorageVault Canada Stock Performance

The company has a market capitalization of C$1.77 billion, a PE ratio of -485.00 and a beta of 0.74. The company’s 50-day moving average is C$4.89 and its 200 day moving average is C$4.53.

StorageVault Canada (TSE:SVI) last issued its earnings results on Wednesday, October 22nd. The company reported C$0.06 earnings per share (EPS) for the quarter. The firm had revenue of C$88.52 million for the quarter. StorageVault Canada had a negative net margin of 17.21% and a negative return on equity of 28.74%.

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.