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

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. bought 10,000 shares of the stock in a transaction on Wednesday, September 23rd. The shares were bought at an average price of C$4.21 per share, for a total transaction of C$42,100.00. Following the completion of the transaction, the insider directly owned 10,000 shares of the company’s stock, valued at C$42,100. This trade represents a ∞ increase in their position.

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

• On Friday, September 25th, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The shares were bought at an average price of C$4.15 per share, with a total value of C$41,500.00.
• On Monday, September 28th, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The shares were bought at an average price of C$4.20 per share, with a total value of C$42,000.00.
• On Wednesday, September 30th, Storagevault Canada Inc. purchased 10,000 shares of StorageVault Canada stock. The shares were purchased at an average cost of C$4.13 per share, for a total transaction of C$41,300.00.

StorageVault Canada Price Performance

SVI opened at C$4.14 on Friday. The stock has a market cap of C$1.51 billion, a P/E ratio of -100.98 and a beta of 0.79. The stock’s 50 day simple moving average is C$4.36 and its 200 day simple moving average is C$4.48. StorageVault Canada Inc. has a 1-year low of C$4.02 and a 1-year high of C$5.39.

StorageVault Canada (TSE:SVI) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm 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%.

Analysts Set New Price Targets

SVI has been the topic of several recent research reports. Royal Bank Of Canada boosted their price objective on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Raymond James Financial cut shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and cut their target price for the stock from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, StorageVault Canada presently has a consensus rating of “Moderate Buy” and an average price target of C$5.86.

About StorageVault Canada

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.