StorageVault Canada (TSE:SVI) Insider Access Self Storage Inc. Acquires 89,700 Shares

StorageVault Canada Inc. (TSE:SVI) insider Access Self Storage Inc. bought 89,700 shares of the stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average cost of C$4.60 per share, for a total transaction of C$412,620.00. Following the completion of the acquisition, the insider directly owned 136,992,005 shares of the company’s stock, valued at approximately C$630,163,223. This trade represents a 0.07% increase in their position.

StorageVault Canada Stock Performance

Shares of SVI stock traded down C$0.06 during trading on Monday, hitting C$4.88. The company had a trading volume of 187,868 shares, compared to its average volume of 323,170. The firm has a market capitalization of C$1.78 billion, a P/E ratio of -122.00 and a beta of 0.77. StorageVault Canada Inc. has a one year low of C$4.10 and a one year high of C$5.39. The stock’s 50-day moving average price is C$4.56 and its 200 day moving average price is C$4.67.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported C($0.04) earnings per share for the quarter. The company had revenue of C$85.22 million during the quarter. StorageVault Canada had a negative net margin of 4.28% and a negative return on equity of 14.88%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. National Bank Financial set a C$6.25 price target on shares of StorageVault Canada and gave the stock an “outperform” rating in a report on Monday, April 20th. Raymond James Financial upgraded shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and lowered their price objective for the company from C$5.50 to C$5.25 in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$5.75.

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. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.