StorageVault Canada (TSE:SVI) Reaches New 52-Week Low – Should You Sell?

StorageVault Canada Inc. (TSE:SVI)’s share price reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$3.73 and last traded at C$3.77, with a volume of 179924 shares trading hands. The stock had previously closed at C$3.80.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Desjardins cut shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. National Bankshares lifted their price target on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Scotiabank reduced their price target on StorageVault Canada from C$5.50 to C$5.25 in a report on Tuesday, January 21st. CIBC set a C$5.00 price target on StorageVault Canada and gave the stock a “negative” rating in a report on Tuesday, December 17th. Finally, Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$5.62.

StorageVault Canada Trading Down 0.8 %

The stock has a market capitalization of C$1.41 billion, a PE ratio of -47.13 and a beta of 0.89. The firm’s fifty day moving average is C$3.98 and its 200-day moving average is C$4.42.

Insiders Place Their Bets

In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 25,000 shares of the business’s stock in a transaction on Thursday, November 14th. The shares were bought at an average cost of C$3.92 per share, for a total transaction of C$97,930.00. Insiders have acquired 56,100 shares of company stock worth $224,858 over the last three months. Company insiders own 38.49% of the company’s stock.

About StorageVault Canada

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.