StorageVault Canada (TSE:SVI) Stock Price Down 2.7% - Should You Sell?

StorageVault Canada Inc. (TSE:SVI - Get Free Report) shares traded down 2.7% during trading on Wednesday . The stock traded as low as C$3.55 and last traded at C$3.56. 123,186 shares were traded during mid-day trading, a decline of 72% from the average session volume of 440,565 shares. The stock had previously closed at C$3.66.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Canaccord Genuity Group raised StorageVault Canada from a "hold" rating to a "buy" rating and dropped their price target for the company from C$5.00 to C$4.50 in a report on Monday, February 24th. CIBC lowered their target price on StorageVault Canada from C$5.00 to C$4.75 in a research note on Monday, February 24th. Raymond James upgraded shares of StorageVault Canada from a "hold" rating to a "moderate buy" rating in a research report on Friday, February 21st. Cibc World Mkts raised shares of StorageVault Canada to a "hold" rating in a report on Tuesday, December 17th. Finally, Scotiabank dropped their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a research note on Thursday, January 30th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$5.47.

StorageVault Canada Trading Up 1.4 %

The business's fifty day simple moving average is C$3.86 and its 200 day simple moving average is C$4.05. The stock has a market cap of C$1.35 billion, a price-to-earnings ratio of -26.64 and a beta of 0.89.

StorageVault Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th will be paid a dividend of $0.0029 per share. The ex-dividend date is Monday, March 31st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.32%. StorageVault Canada's dividend payout ratio (DPR) is presently -7.28%.

Insider Buying and Selling at StorageVault Canada

In other news, insider StorageVault Canada Inc. purchased 10,200 shares of StorageVault Canada stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of C$3.97 per share, with a total value of C$40,446.06. Over the last quarter, insiders have purchased 85,200 shares of company stock valued at $336,629. 38.49% of the stock is currently owned by company insiders.

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.