StorageVault Canada Inc. (TSE:SVI) Director Purchases C$19,880.00 in Stock

StorageVault Canada Inc. (TSE:SVI) Director Deborah Wallis Robinson acquired 5,000 shares of StorageVault Canada stock in a transaction that occurred on Monday, January 13th. The shares were bought at an average price of C$3.98 per share, with a total value of C$19,880.00.

StorageVault Canada Price Performance

Shares of SVI traded up C$0.03 during midday trading on Wednesday, reaching C$3.99. The stock had a trading volume of 105,712 shares, compared to its average volume of 397,638. StorageVault Canada Inc. has a 52 week low of C$3.82 and a 52 week high of C$5.48. The firm’s 50 day moving average price is C$4.00 and its 200-day moving average price is C$4.47. The company has a market capitalization of C$1.49 billion, a P/E ratio of -49.88 and a beta of 0.89.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings data on Wednesday, October 23rd. The company reported C($0.02) EPS for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.08). StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%. The firm had revenue of C$78.96 million during the quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SVI. Raymond James reduced their price objective on StorageVault Canada from C$5.25 to C$4.70 in a research report on Monday. Scotiabank reduced their price objective on StorageVault Canada from C$5.75 to C$5.50 in a research report on Friday, October 25th. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a research report on Tuesday, December 17th. CIBC set a C$5.00 price target on StorageVault Canada and gave the stock a “negative” rating in a research report on Tuesday, December 17th. Finally, Desjardins lowered StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$5.65.

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.