StorageVault Canada (TSE:SVI) Stock: Insider Storagevault Canada Inc. Buys 10,000 Shares

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 25th. The shares were purchased at an average price of C$4.15 per share, for a total transaction of C$41,500.00. Following the completion of the acquisition, the insider owned 10,000 shares of the company’s stock, valued at C$41,500. The trade was a ∞ increase in their position.

Storagevault Canada Inc. also recently made the following trade(s):

• On Wednesday, September 23rd, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$4.21 per share, with a total value of C$42,100.00.
• On Monday, September 28th, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was purchased at an average price of C$4.20 per share, with a total value of C$42,000.00.
• On Wednesday, September 30th, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The stock was acquired at an average price of C$4.13 per share, for a total transaction of C$41,300.00.

StorageVault Canada Trading Down 0.2%

Shares of SVI stock traded down C$0.01 during trading on Thursday, hitting C$4.15. The company’s stock had a trading volume of 52,284 shares, compared to its average volume of 312,066. The company has a market cap of C$1.52 billion, a PE ratio of -101.22 and a beta of 0.79. The business has a fifty day moving average of C$4.38 and a 200-day moving average of C$4.48. StorageVault Canada Inc. has a 52 week low of C$4.02 and a 52 week high of C$5.39.

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

Analyst Ratings Changes

Several research firms recently weighed in on SVI. Raymond James Financial lowered shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and reduced their price target for the company from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Royal Bank Of Canada boosted their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Friday, July 24th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$5.86.

About StorageVault Canada

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.