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

StorageVault Canada Inc. (TSE:SVI) hit a new 52-week low on Friday. The stock traded as low as C$4.09 and last traded at C$4.13, with a volume of 47980 shares changing hands. The stock had previously closed at C$4.11.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Royal Bank Of Canada upped their price target on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Friday, July 24th. Raymond James Financial raised StorageVault Canada from an “outperform” rating to a “strong-buy” rating and decreased their price objective for the stock from C$5.50 to C$5.25 in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned 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$5.86.

StorageVault Canada Stock Up 1.2%

The company has a 50-day moving average of C$4.51 and a 200 day moving average of C$4.50. The firm has a market capitalization of C$1.52 billion, a PE ratio of -101.46 and a beta of 0.70.

StorageVault Canada (TSE:SVI) last released its quarterly earnings results on Wednesday, July 22nd. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$91.09 million during the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%.

Insider Transactions at StorageVault Canada

In related news, insider Access Self Storage Inc. bought 89,700 shares of the company’s stock in a transaction on Wednesday, July 15th. The stock was acquired at an average cost of C$4.60 per share, for a total transaction of C$412,620.00. Following the completion of the transaction, the insider directly owned 136,992,005 shares in the company, valued at C$630,163,223. This trade represents a 0.07% increase in their position. 38.49% of the stock is currently owned by insiders.

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. 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.