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 StorageVault Canada stock in a transaction on Friday, September 25th. The shares were bought at an average cost of C$4.15 per share, for a total transaction of C$41,500.00. Following the completion of the purchase, the insider directly owned 10,000 shares of the company’s stock, valued at C$41,500. The trade was 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 shares were bought at an average price of C$4.21 per share, for a total transaction of C$42,100.00.
• On Monday, September 28th, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The stock was bought at an average price of C$4.20 per share, with a total value of C$42,000.00.
• On Wednesday, September 30th, Storagevault Canada Inc. bought 10,000 shares of StorageVault Canada stock. The stock was bought at an average price of C$4.13 per share, with a total value of C$41,300.00.

StorageVault Canada Stock Performance

TSE:SVI opened at C$4.12 on Friday. The firm has a market capitalization of C$1.51 billion, a PE ratio of -100.49 and a beta of 0.79. The stock’s fifty day moving average is C$4.35 and its 200 day moving average is C$4.47. StorageVault Canada Inc. has a fifty-two week low of C$4.02 and a fifty-two week high of C$5.39.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Royal Bank Of Canada raised their price objective on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Raymond James Financial cut StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and cut their target price for the company 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.