StorageVault Canada (TSE:SVI) Trading Down 1.3% – Here’s Why

StorageVault Canada Inc. (TSE:SVI)’s stock price fell 1.3% on Tuesday . The stock traded as low as C$4.63 and last traded at C$4.66. Approximately 216,106 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 332,349 shares. The stock had previously closed at C$4.72.

Analysts Set New Price Targets

SVI has been the subject of several recent analyst reports. Raymond James Financial upgraded shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and decreased their target price for the stock from C$5.50 to C$5.25 in a research report on Monday, June 1st. National Bank Financial set a C$6.25 target price on StorageVault Canada and gave the company an “outperform” rating in a research report on Monday, April 20th. One equities 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 stock. Based on data from MarketBeat.com, StorageVault Canada presently has a consensus rating of “Buy” and an average price target of C$5.75.

StorageVault Canada Stock Down 1.3%

The business’s 50 day moving average is C$4.46 and its two-hundred day moving average is C$4.66. The firm has a market capitalization of C$1.70 billion, a P/E ratio of -116.50 and a beta of 0.81.

StorageVault Canada (TSE:SVI) last posted 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 return on equity of 14.88% and a negative net margin of 4.28%.

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.