Insider Buying: StorageVault Canada (TSE:SVI) Director Purchases C$17,727.48 in Stock

Key Points

• Director Iqbal Khan bought 4,282 StorageVault Canada shares at an average C$4.14 each, investing C$17,727.48 and increasing his direct ownership by 10.49% to 45,115 shares.
• StorageVault shares traded at C$4.19, near their 52-week low of C$4.09 and below their 50-day and 200-day moving averages of C$4.56 and C$4.52, respectively.
• Analysts maintain a consensus “Buy” rating with an average price target of C$5.86, while the company recently reported quarterly revenue of C$91.09 million and a loss of C$0.02 per share.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) Director Iqbal Khan acquired 4,282 shares of StorageVault Canada stock in a transaction that occurred on Thursday, September 17th. The stock was acquired at an average price of C$4.14 per share, with a total value of C$17,727.48. Following the completion of the purchase, the director directly owned 45,115 shares in the company, valued at C$186,776.10. This represents a 10.49% increase in their position.

StorageVault Canada Stock Performance

SVI stock traded up C$0.04 during midday trading on Monday, reaching C$4.19. 56,082 shares of the company's stock traded hands, compared to its average volume of 313,088. The company has a 50-day moving average price of C$4.56 and a two-hundred day moving average price of C$4.52. StorageVault Canada Inc. has a 52 week low of C$4.09 and a 52 week high of C$5.39. The firm has a market capitalization of C$1.53 billion, a PE ratio of -102.20 and a beta of 0.70.

StorageVault Canada (TSE:SVI - Get Free Report) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported C($0.02) EPS for the quarter. StorageVault Canada had a negative return on equity of 16.05% and a negative net margin of 4.32%.The company had revenue of C$91.09 million during the quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price target on StorageVault Canada from C$6.00 to C$6.25 and gave the company an "outperform" rating in a research report on Friday, July 24th. Raymond James Financial raised shares of StorageVault Canada from an "outperform" rating to a "strong-buy" rating and reduced their price objective for the company from C$5.50 to C$5.25 in a research note on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$5.86.

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.

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