StorageVault Canada (TSE:SVI) Trading Down 1% - Here's Why

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

Wall Street Analyst Weigh In

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

StorageVault Canada Price Performance

The firm's fifty day simple moving average is C$3.93 and its 200 day simple moving average is C$3.90. The company has a market capitalization of C$1.48 billion, a price-to-earnings ratio of -29.33 and a beta of 0.89.

StorageVault Canada Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were given a $0.0029 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.01 annualized dividend and a dividend yield of 0.29%. StorageVault Canada's dividend payout ratio (DPR) is presently -7.28%.

Insider Buying and Selling

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 25,000 shares of StorageVault Canada stock in a transaction that occurred on Monday, March 31st. The stock was purchased at an average cost of C$3.95 per share, with a total value of C$98,742.50. Also, Director Benjamin Harris sold 30,000 shares of StorageVault Canada stock in a transaction dated Monday, May 5th. The shares were sold at an average price of C$3.78, for a total value of C$113,439.00. In the last 90 days, insiders bought 220,900 shares of company stock valued at $908,869. Company insiders own 38.49% of the company's stock.

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.

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