StorageVault Canada (TSE:SVI) Shares Down 1.8% - Time to Sell?

StorageVault Canada Inc. (TSE:SVI - Get Free Report) dropped 1.8% during mid-day trading on Tuesday . The stock traded as low as C$4.94 and last traded at C$4.95. Approximately 457,338 shares were traded during trading, an increase of 46% from the average daily volume of 312,194 shares. The stock had previously closed at C$5.04.

Analyst Upgrades and Downgrades

SVI has been the topic of several recent research reports. BMO Capital Markets set a C$5.50 target price on StorageVault Canada and gave the stock an "outperform" rating in a report on Wednesday, August 27th. Desjardins raised StorageVault Canada from a "hold" rating to a "buy" rating and boosted their price objective for the stock from C$4.25 to C$5.00 in a research note on Thursday, July 24th. TD Securities upped their target price on StorageVault Canada from C$5.00 to C$5.50 and gave the company a "buy" rating in a report on Friday, July 25th. Finally, Scotiabank lifted their price target on StorageVault Canada from C$5.00 to C$5.50 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Seven analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of C$5.17.

StorageVault Canada Price Performance

The company has a market cap of C$1.81 billion, a price-to-earnings ratio of -58.93 and a beta of 0.82. The firm has a 50 day simple moving average of C$4.81 and a 200-day simple moving average of C$4.26.

Insider Transactions at StorageVault Canada

In other StorageVault Canada news, Director Alan Arthur Simpson sold 134,700 shares of StorageVault Canada stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of C$4.70, for a total transaction of C$633,090.00. Following the completion of the sale, the director directly owned 381,305 shares in the company, valued at C$1,792,133.50. This trade represents a 26.10% decrease in their ownership of the stock. In the last 90 days, insiders have sold 467,900 shares of company stock valued at $2,204,719. 38.49% of the stock is currently owned by insiders.

StorageVault Canada Company Profile

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.

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