StorageVault Canada (TSE:SVI) Shares Down 0.8% – Should You Sell?

StorageVault Canada Inc. (TSE:SVI)’s share price fell 0.8% during mid-day trading on Tuesday . The stock traded as low as C$4.74 and last traded at C$4.75. 201,782 shares were traded during mid-day trading, a decline of 35% from the average session volume of 308,982 shares. The stock had previously closed at C$4.79.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Scotiabank lifted their price objective on StorageVault Canada from C$5.00 to C$5.50 and gave the stock an “outperform” rating in a research report on Tuesday, July 29th. National Bankshares raised 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 research note on Friday, October 24th. TD Securities lifted their target price on shares of StorageVault Canada from C$5.50 to C$6.00 and gave the stock a “buy” rating in a report on Thursday, October 23rd. Raymond James Financial increased their price target on StorageVault Canada from C$5.50 to C$5.75 and gave the company an “outperform” rating in a research note on Friday, October 24th. Finally, CIBC raised their price target on StorageVault Canada from C$4.75 to C$5.50 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Eight equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$5.81.

StorageVault Canada Trading Down 0.8%

The stock’s 50 day moving average is C$4.89 and its two-hundred day moving average is C$4.53. The stock has a market capitalization of C$1.73 billion, a price-to-earnings ratio of -475.00 and a beta of 0.74.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings data on Wednesday, October 22nd. The company reported C$0.06 earnings per share for the quarter. The company had revenue of C$88.52 million during the quarter. StorageVault Canada had a negative return on equity of 28.74% and a negative net margin of 17.21%.

About StorageVault Canada

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.