StorageVault Canada (TSE:SVI) Upgraded by Cibc World Mkts to “Hold” Rating

Cibc World Mkts upgraded shares of StorageVault Canada (TSE:SVI) to a hold rating in a research note released on Tuesday,Zacks.com reports.

Separately, Desjardins lowered shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th.

StorageVault Canada Stock Down 3.0 %

Shares of TSE SVI opened at C$3.88 on Tuesday. The business has a fifty day simple moving average of C$4.19 and a 200-day simple moving average of C$4.56. The company has a market cap of C$1.45 billion, a price-to-earnings ratio of -48.50 and a beta of 0.89. StorageVault Canada has a 12 month low of C$3.82 and a 12 month high of C$5.50.

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

About StorageVault Canada

StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space to individual and commercial customers in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages various stores owned by third parties; and stores, shreds, and manages documents and records for customers.