StorageVault Canada (TSE:SVI) Announces Earnings Results

StorageVault Canada (TSE:SVI) issued its quarterly earnings data on Wednesday. The company reported C($0.02) earnings per share for the quarter, FiscalAI reports. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%. The business had revenue of C$94.24 million for the quarter.

StorageVault Canada Trading Up 0.2%

TSE SVI traded up C$0.01 on Wednesday, hitting C$4.30. 272,493 shares of the stock traded hands, compared to its average volume of 311,132. The stock has a 50-day moving average of C$4.28 and a 200 day moving average of C$4.47. StorageVault Canada has a twelve month low of C$4.02 and a twelve month high of C$5.39. The company has a market capitalization of C$1.57 billion, a P/E ratio of -104.88 and a beta of 0.79.

Insider Buying and Selling

In other news, insider Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock in a transaction on 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 acquisition, the insider directly owned 10,000 shares in the company, valued at approximately C$42,100. This represents a ∞ increase in their position. Over the last 90 days, insiders purchased 44,282 shares of company stock worth $184,627. Company insiders own 38.49% of the company’s stock.

Wall Street Analyst Weigh In

SVI has been the subject of several research analyst reports. Royal Bank Of Canada increased their target price on 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. National Bank Financial decreased their price target on shares of StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Raymond James Financial downgraded shares of 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 investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$5.82.

StorageVault Canada Company Profile

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.