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

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. bought 10,000 shares of the company’s stock in a transaction on Monday, September 28th. The stock was bought at an average cost of C$4.20 per share, with a total value of C$42,000.00. Following the completion of the purchase, the insider owned 10,000 shares of the company’s stock, valued at approximately C$42,000. 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. purchased 10,000 shares of StorageVault Canada stock. The shares were bought at an average cost of C$4.21 per share, for a total transaction of C$42,100.00.
• On Friday, September 25th, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The stock was bought at an average cost of C$4.15 per share, with a total value of C$41,500.00.
• On Wednesday, September 30th, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was bought at an average price of C$4.13 per share, with a total value of C$41,300.00.

StorageVault Canada Price Performance

SVI stock opened at C$4.14 on Friday. The company has a 50 day moving average price of C$4.36 and a 200 day moving average price of C$4.48. StorageVault Canada Inc. has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39. The stock has a market capitalization of C$1.51 billion, a PE ratio of -100.98 and a beta of 0.79.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. The firm 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%.

Analyst Upgrades and Downgrades

SVI has been the subject of a number of research reports. Raymond James Financial lowered StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and lowered their price objective for the stock from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Royal Bank Of Canada upped 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 report on Friday, July 24th. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, StorageVault Canada has a consensus 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.