StorageVault Canada (TSE:SVI) Hits New 12-Month Low - Here's What Happened

StorageVault Canada Inc. (TSE:SVI - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$3.55 and last traded at C$3.67, with a volume of 505430 shares trading hands. The stock had previously closed at C$3.65.

Wall Street Analysts Forecast Growth

SVI has been the topic of a number of recent analyst reports. Cibc World Mkts raised StorageVault Canada to a "hold" rating in a report on Tuesday, December 17th. Desjardins downgraded shares of StorageVault Canada from a "moderate buy" rating to a "hold" rating in a report on Thursday, October 24th. CIBC set a C$5.00 target price on shares of StorageVault Canada and gave the stock a "negative" rating in a research note on Tuesday, December 17th. Raymond James decreased their price target on shares of StorageVault Canada from C$5.25 to C$4.70 in a research note on Monday, January 13th. Finally, Scotiabank lowered their price target on shares of StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of C$5.62.

StorageVault Canada Stock Performance

The stock's fifty day simple moving average is C$3.93 and its 200-day simple moving average is C$4.36. The stock has a market cap of C$1.41 billion, a P/E ratio of -47.38 and a beta of 0.89.

Insider Activity

In related news, insider StorageVault Canada Inc. purchased 25,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average price of C$3.92 per share, for a total transaction of C$97,930.00. Over the last ninety days, insiders acquired 33,100 shares of company stock worth $130,358. Corporate 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.