StorageVault Canada (TSE:SVI) Stock Price Down 1.3% – Here’s What Happened

Shares of StorageVault Canada Inc. (TSE:SVI) fell 1.3% during trading on Tuesday . The stock traded as low as C$4.63 and last traded at C$4.66. 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.

Wall Street Analysts Forecast Growth

SVI has been the topic of a number of recent analyst reports. National Bank Financial set a C$6.25 price target on shares of StorageVault Canada and gave the stock an “outperform” rating in a research report on Monday, April 20th. Raymond James Financial raised shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and lowered their target price for the stock from C$5.50 to C$5.25 in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of C$5.75.

StorageVault Canada Trading Up 1.7%

The firm has a market cap of C$1.73 billion, a P/E ratio of -118.50 and a beta of 0.81. The company’s 50-day moving average is C$4.46 and its two-hundred day moving average is C$4.66.

StorageVault Canada (TSE:SVI) last announced its earnings results on Wednesday, April 22nd. The company reported C($0.04) EPS for the quarter. StorageVault Canada had a negative net margin of 4.28% and a negative return on equity of 14.88%. The firm had revenue of C$85.22 million during the quarter.

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.