StorageVault Canada (TSE:SVI) Stock: Insider Storagevault Canada Inc. Buys 10,000 Shares

StorageVault Canada Inc. (TSE:SVI) insider Storagevault Canada Inc. acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, September 28th. The stock was purchased at an average cost of C$4.20 per share, with a total value of C$42,000.00. Following the completion of the purchase, the insider directly owned 10,000 shares in the company, valued at C$42,000. This represents a ? increase in their ownership of the stock.

Storagevault Canada Inc. also recently made the following trade(s):

• On Wednesday, September 23rd, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was acquired at an average price of C$4.21 per share, for a total transaction of C$42,100.00.
• On Friday, September 25th, Storagevault Canada Inc. acquired 10,000 shares of StorageVault Canada stock. The stock was acquired at an average cost of C$4.15 per share, for a total transaction of C$41,500.00.
• On Wednesday, September 30th, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The shares were acquired at an average price of C$4.13 per share, with a total value of C$41,300.00.

StorageVault Canada Price Performance

Shares of TSE SVI traded down C$0.01 on Thursday, hitting C$4.15. The company’s stock had a trading volume of 52,284 shares, compared to its average volume of 312,066. The stock has a 50 day moving average of C$4.38 and a 200-day moving average of C$4.48. The company has a market capitalization of C$1.52 billion, a price-to-earnings ratio of -101.22 and a beta of 0.79. StorageVault Canada Inc. has a 12-month low of C$4.02 and a 12-month high of C$5.39.

StorageVault Canada (TSE:SVI) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported C($0.02) earnings per share (EPS) for the quarter. The company had revenue of C$91.09 million for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.

Analysts Set New Price Targets

SVI has been the subject of several analyst reports. Royal Bank Of Canada boosted their target price on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research note on Friday, July 24th. Raymond James Financial cut shares of StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and decreased their price target for the stock from C$5.75 to C$5.25 in a research note on Friday, October 2nd. Six research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$5.86.

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.