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

StorageVault Canada Inc. (TSE:SVI)’s share price reached a new 52-week low on Tuesday . The stock traded as low as C$3.55 and last traded at C$3.67, with a volume of 505430 shares traded. The stock had previously closed at C$3.65.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Raymond James dropped their target price on shares of StorageVault Canada from C$5.25 to C$4.70 in a research report on Monday, January 13th. Scotiabank cut their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. National Bankshares boosted their price target on StorageVault Canada from C$5.75 to C$6.00 in a research report on Wednesday, October 9th. Finally, Desjardins lowered shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. One equities research 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 company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$5.62.

StorageVault Canada Trading Up 0.5 %

The company’s 50 day moving average is C$3.94 and its 200 day moving average is C$4.39. The company has a market cap of C$1.37 billion, a PE ratio of -45.88 and a beta of 0.89.

Insider Transactions at StorageVault Canada

In related news, insider StorageVault Canada Inc. bought 25,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost of C$3.92 per share, for a total transaction of C$97,930.00. In the last quarter, insiders acquired 33,100 shares of company stock valued at $130,358. Company insiders own 38.49% of the company’s stock.

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.