Insider Buying: StorageVault Canada (TSE:SVI) Director Purchases 7,242 Shares of Stock

StorageVault Canada Inc. (TSE:SVI) Director Deborah Wallis Robinson acquired 7,242 shares of the business’s stock in a transaction on Friday, October 30th. The shares were bought at an average price of C$4.03 per share, for a total transaction of C$29,185.26. Following the acquisition, the director owned 20,388 shares in the company, valued at approximately C$82,163.64. This trade represents a 55.09% increase in their position.

StorageVault Canada Trading Up 2.2%

Shares of SVI traded up C$0.09 during midday trading on Monday, hitting C$4.10. The stock had a trading volume of 551,894 shares, compared to its average volume of 318,813. StorageVault Canada Inc. has a fifty-two week low of C$4.00 and a fifty-two week high of C$5.39. The business has a 50-day simple moving average of C$4.23 and a two-hundred day simple moving average of C$4.55. The firm has a market cap of C$1.50 billion, a P/E ratio of -35.65 and a beta of 0.79.

StorageVault Canada (TSE:SVI) last released its earnings results on Wednesday, October 21st. The company reported C($0.02) earnings per share for the quarter. StorageVault Canada had a negative return on equity of 50.22% and a negative net margin of 11.77%. The firm had revenue of C$94.24 million during the quarter.

Analyst Upgrades and Downgrades

SVI has been the subject of several recent analyst reports. Royal Bank Of Canada raised their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Desjardins dropped their price target on StorageVault Canada from C$6.00 to C$5.25 and set a “buy” rating on the stock in a research report on Friday, October 23rd. ATB Cormark Capital Markets reduced their price objective on StorageVault Canada from C$6.00 to C$5.15 and set an “outperform” rating for the company in a research note on Friday, October 23rd. Raymond James Financial downgraded StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and reduced their price objective for the stock from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Finally, National Bank Financial decreased their price objective on StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating for the company in a research report on Wednesday, October 21st. Six research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, StorageVault Canada presently has an average rating of “Buy” and a consensus price target of C$5.52.

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.