StorageVault Canada (TSE:SVI) Stock Price Down 1% - Time to Sell?

Key Points

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StorageVault Canada Inc. (TSE:SVI - Get Free Report)'s share price was down 1% on Monday . The company traded as low as C$4.73 and last traded at C$4.74. Approximately 89,455 shares changed hands during trading, a decline of 73% from the average daily volume of 330,520 shares. The stock had previously closed at C$4.79.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SVI shares. TD Securities raised their price target on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the company a "buy" rating in a report on Friday, July 25th. Scotiabank raised their target price on shares of StorageVault Canada from C$5.00 to C$5.50 and gave the company an "outperform" rating in a research note on Tuesday, July 29th. Desjardins upgraded shares of StorageVault Canada from a "hold" rating to a "buy" rating and raised their target price for the company from C$4.25 to C$5.00 in a research note on Thursday, July 24th. Royal Bank Of Canada set a C$5.50 target price on shares of StorageVault Canada and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Finally, Raymond James Financial raised their target price on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the company an "outperform" rating in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$5.13.

StorageVault Canada Stock Down 1.0%

The stock has a market capitalization of C$1.74 billion, a price-to-earnings ratio of -34.50 and a beta of 0.89. The stock's 50-day simple moving average is C$4.32 and its 200 day simple moving average is C$4.02.

Insider Transactions at StorageVault Canada

In related news, insider StorageVault Canada Inc. bought 189,500 shares of the company's stock in a transaction on Friday, May 30th. The stock was bought at an average cost of C$4.15 per share, with a total value of C$786,425.00. Also, Director Alan Arthur Simpson sold 54,500 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of C$4.68, for a total transaction of C$255,060.00. Insiders own 38.49% of the company's stock.

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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