StorageVault Canada (TSE:SVI) Sets New 1-Year Low – Time to Sell?

StorageVault Canada Inc. (TSE:SVI) shares reached a new 52-week low on Wednesday . The stock traded as low as C$3.73 and last traded at C$3.77, with a volume of 179924 shares. The stock had previously closed at C$3.80.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SVI shares. Raymond James cut their target price on shares of StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. Desjardins downgraded StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. CIBC set a C$5.00 price target on StorageVault Canada and gave the company a “negative” rating in a report on Tuesday, December 17th. Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Finally, Scotiabank dropped their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, StorageVault Canada presently has an average rating of “Moderate Buy” and a consensus price target of C$5.62.

StorageVault Canada Stock Up 0.5 %

The firm has a market cap of C$1.38 billion, a P/E ratio of -46.38 and a beta of 0.89. The firm’s 50-day moving average price is C$3.96 and its 200 day moving average price is C$4.41.

Insider Buying and Selling at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average cost of C$3.92 per share, with a total value of C$97,930.00. Over the last 90 days, insiders have bought 33,100 shares of company stock worth $130,358. 38.49% of the stock is owned by company insiders.

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.