StorageVault Canada (TSE:SVI) Hits New 12-Month Low – Here’s What Happened

StorageVault Canada Inc. (TSE:SVI)’s stock price hit a new 52-week low during trading on Thursday. The stock traded as low as C$4.08 and last traded at C$4.10, with a volume of 5255 shares. The stock had previously closed at C$4.13.

Analyst Ratings Changes

Separately, Royal Bank Of Canada increased their price objective on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a report on Friday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of C$5.86.

StorageVault Canada Stock Down 1.0%

The business has a fifty day moving average of C$4.45 and a 200 day moving average of C$4.49. The firm has a market cap of C$1.50 billion, a P/E ratio of -99.76 and a beta of 0.70.

StorageVault Canada (TSE:SVI) last issued its earnings results on Wednesday, July 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$91.09 million for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.

Insider Buying and Selling at StorageVault Canada

In other news, insider Access Self Storage Inc. acquired 89,700 shares of StorageVault Canada stock in a transaction that occurred on Wednesday, July 15th. The shares were acquired at an average price of C$4.60 per share, with a total value of C$412,620.00. Following the purchase, the insider directly owned 136,992,005 shares of the company’s stock, valued at C$630,163,223. The trade was a 0.07% increase in their ownership of the stock. 38.49% of the stock is owned by corporate insiders.

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.