Insider Buying: StorageVault Canada (TSE:SVI) Insider Acquires C$412,620.00 in Stock

StorageVault Canada Inc. (TSE:SVI) insider Access Self Storage Inc. purchased 89,700 shares of the company’s stock in a transaction dated Wednesday, July 15th. The shares were acquired at an average price of C$4.60 per share, for a total transaction of C$412,620.00. Following the purchase, the insider directly owned 136,992,005 shares of the company’s stock, valued at approximately C$630,163,223. The trade was a 0.07% increase in their position.

StorageVault Canada Stock Performance

Shares of SVI stock opened at C$4.83 on Thursday. StorageVault Canada Inc. has a fifty-two week low of C$4.11 and a fifty-two week high of C$5.39. The stock’s 50-day simple moving average is C$4.58 and its 200-day simple moving average is C$4.67. The firm has a market capitalization of C$1.77 billion, a PE ratio of -120.75 and a beta of 0.77.

StorageVault Canada (TSE:SVI) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative return on equity of 14.88% and a negative net margin of 4.28%.The firm had revenue of C$91.09 million for the quarter.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. National Bank Financial set a C$6.25 price objective on shares of StorageVault Canada and gave the company an “outperform” rating in a report on Monday, April 20th. Raymond James Financial raised shares of StorageVault Canada from an “outperform” rating to a “strong-buy” rating and reduced their price target for the company from C$5.50 to C$5.25 in a research report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of C$5.75.

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.