StorageVault Canada (TSE:SVI) Reaches New 52-Week Low – Should You Sell?

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

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Desjardins lowered StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th. National Bankshares boosted their target price on shares of StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Raymond James cut their price target on shares of StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. Scotiabank lowered their price objective on shares of StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday. Finally, CIBC set a C$5.00 target price on StorageVault Canada and gave the stock a “negative” rating in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$5.62.

StorageVault Canada Stock Performance

The firm has a fifty day moving average of C$3.96 and a 200-day moving average of C$4.41. The stock has a market capitalization of C$1.38 billion, a price-to-earnings ratio of -46.38 and a beta of 0.89.

Insider Activity at StorageVault Canada

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

About StorageVault Canada

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.