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

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 23rd. The shares were purchased at an average price of C$4.21 per share, with a total value of C$42,100.00. Following the acquisition, the insider owned 10,000 shares of the company’s stock, valued at approximately C$42,100. This represents a ∞ increase in their ownership of the stock.

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

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

StorageVault Canada Trading Down 0.5%

Shares of SVI stock opened at C$4.12 on Friday. The firm has a fifty day simple moving average of C$4.35 and a two-hundred day simple moving average of C$4.47. StorageVault Canada Inc. has a 12 month low of C$4.02 and a 12 month high of C$5.39. The firm has a market capitalization of C$1.51 billion, a PE ratio of -100.49 and a beta of 0.79.

StorageVault Canada (TSE:SVI) last released its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) earnings per share for the quarter. The business had revenue of C$91.09 million during the quarter. StorageVault Canada had a negative net margin of 4.32% and a negative return on equity of 16.05%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Raymond James Financial lowered StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and decreased their price objective for the stock from C$5.75 to C$5.25 in a report on Friday, October 2nd. Royal Bank Of Canada lifted their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, StorageVault Canada currently has an average rating of “Moderate Buy” and an average target price of C$5.86.

StorageVault Canada Company Profile

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.