StorageVault Canada (TSE:SVI) Stock Price Up 0.2% – Here’s What Happened

StorageVault Canada Inc. (TSE:SVI) shares rose 0.2% during mid-day trading on Thursday . The stock traded as high as C$4.28 and last traded at C$4.21. Approximately 160,347 shares traded hands during trading, a decline of 54% from the average daily volume of 345,313 shares. The stock had previously closed at C$4.20.

Analyst Upgrades and Downgrades

SVI has been the topic of several research analyst reports. National Bank Financial set a C$6.25 target price on StorageVault Canada and gave the company an “outperform” rating in a research note on Monday, April 20th. Raymond James Financial reduced their target price on StorageVault Canada from C$5.75 to C$5.50 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Eight analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$5.78.

StorageVault Canada Price Performance

The company has a market capitalization of C$1.52 billion, a PE ratio of -104.25 and a beta of 0.65. The company has a 50 day moving average of C$4.45 and a two-hundred day moving average of C$4.74.

StorageVault Canada (TSE:SVI) last issued its quarterly earnings results on Wednesday, April 22nd. The company reported C($0.04) earnings per share for the quarter. The firm had revenue of C$85.22 million during the quarter. StorageVault Canada had a negative return on equity of 14.88% and a negative net margin of 4.28%.

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. The Portable Storage segment involves delivering a portable storage unit to the customer. The Management Division involves revenues generated from the management of stores owned by third parties.