StorageVault Canada (TSE:SVI) Shares Down 1% - Should You Sell?

StorageVault Canada Inc. (TSE:SVI - Get Free Report)'s stock price was down 1% during trading on Thursday . The company traded as low as C$4.02 and last traded at C$4.03. Approximately 93,140 shares traded hands during trading, a decline of 74% from the average daily volume of 351,633 shares. The stock had previously closed at C$4.07.

Analyst Ratings Changes

SVI has been the subject of a number of research reports. Raymond James Financial lifted their price objective on shares of StorageVault Canada from C$4.70 to C$4.75 and gave the stock an "outperform" rating in a report on Thursday, April 24th. Desjardins decreased their price target on StorageVault Canada from C$4.75 to C$4.25 and set a "hold" rating for the company in a research note on Monday, April 28th. Royal Bank Of Canada set a C$5.50 price objective on shares of StorageVault Canada and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Finally, CIBC dropped their price target on shares of StorageVault Canada from C$4.75 to C$4.25 in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$5.17.

StorageVault Canada Stock Up 0.2%

The firm has a market cap of C$1.50 billion, a price-to-earnings ratio of -29.77 and a beta of 0.89. The company has a 50-day moving average price of C$3.94 and a 200 day moving average price of C$3.89.

Insider Activity at StorageVault Canada

In other StorageVault Canada news, Director Benjamin Harris sold 30,000 shares of StorageVault Canada stock in a transaction on Monday, May 5th. The shares were sold at an average price of C$3.78, for a total transaction of C$113,439.00. Also, insider StorageVault Canada Inc. bought 189,500 shares of the stock in a transaction on Friday, May 30th. The stock was purchased at an average price of C$4.15 per share, for a total transaction of C$786,425.00. 38.49% of the stock is currently owned by corporate 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.