StorageVault Canada (TSE:SVI) Hits New 1-Year Low - Time to Sell?

StorageVault Canada Inc. (TSE:SVI - Get Free Report)'s stock price hit a new 52-week low on Wednesday . The company traded as low as C$3.73 and last traded at C$3.77, with a volume of 179924 shares traded. The stock had previously closed at C$3.80.

Analysts Set New Price Targets

SVI has been the topic of a number of research reports. Scotiabank reduced their price target on shares of StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday. CIBC set a C$5.00 target price on StorageVault Canada and gave the stock a "negative" rating in a report on Tuesday, December 17th. Desjardins downgraded StorageVault Canada from a "moderate buy" rating to a "hold" rating in a research report on Thursday, October 24th. National Bankshares raised their price target on StorageVault Canada from C$5.75 to C$6.00 in a report on Wednesday, October 9th. Finally, Cibc World Mkts raised StorageVault Canada to a "hold" rating in a report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, StorageVault Canada presently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.62.

StorageVault Canada Trading Down 1.6 %

The company has a 50-day moving average price of C$3.95 and a two-hundred day moving average price of C$4.40. The stock has a market cap of C$1.36 billion, a P/E ratio of -45.63 and a beta of 0.89.

Insider Buying and Selling at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. purchased 25,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The stock was purchased at an average cost of C$3.92 per share, with a total value of C$97,930.00. Insiders have bought 33,100 shares of company stock worth $130,358 over the last quarter. 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.