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

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock in a transaction that occurred on Wednesday, September 30th. The shares were bought at an average cost of C$4.13 per share, for a total transaction of C$41,300.00. Following the completion of the transaction, the insider directly owned 20,000 shares in the company, valued at C$82,600. This represents a 100.00% increase in their position.

Storagevault Canada Inc. also recently made the following trade(s):

• On Wednesday, September 23rd, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$4.21 per share, with a total value of C$42,100.00.
• On Friday, September 25th, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was purchased at an average cost of C$4.15 per share, with a total value of C$41,500.00.
• On Monday, September 28th, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The shares were purchased at an average price of C$4.20 per share, for a total transaction of C$42,000.00.

StorageVault Canada Trading Down 0.5%

TSE SVI opened at C$4.14 on Friday. The company’s fifty day simple moving average is C$4.36 and its 200-day simple moving average is C$4.48. StorageVault Canada Inc. has a 52 week low of C$4.02 and a 52 week high of C$5.39. The stock has a market cap of C$1.51 billion, a P/E ratio of -100.98 and a beta of 0.79.

StorageVault Canada (TSE:SVI) last announced its earnings results on Wednesday, July 22nd. The company reported C($0.02) earnings per share 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%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Raymond James Financial downgraded StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and lowered their target price for the company from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Royal Bank Of Canada boosted their price target on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.86.

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.