StorageVault Canada (TSE:SVI) Stock Rating Upgraded by Cibc World Mkts

StorageVault Canada (TSE:SVI - Get Free Report) was upgraded by equities research analysts at Cibc World Mkts to a "hold" rating in a note issued to investors on Tuesday,Zacks.com reports.

Separately, Desjardins cut shares of StorageVault Canada from a "moderate buy" rating to a "hold" rating in a research note on Thursday, October 24th.

StorageVault Canada Stock Up 2.8 %

Shares of SVI traded up C$0.11 during mid-day trading on Tuesday, hitting C$3.99. 815,969 shares of the company traded hands, compared to its average volume of 304,666. The company has a market capitalization of C$1.49 billion, a PE ratio of -49.88 and a beta of 0.89. The business has a 50 day moving average of C$4.19 and a 200 day moving average of C$4.56. StorageVault Canada has a 1-year low of C$3.82 and a 1-year high of C$5.50.

StorageVault Canada (TSE:SVI - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported C($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.06 by C($0.08). StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%. The company had revenue of C$78.96 million during the quarter.

StorageVault Canada Company Profile

StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space to individual and commercial customers in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages various stores owned by third parties; and stores, shreds, and manages documents and records for customers.