StorageVault Canada (TSE:SVI) Stock Price Down 2.3% - Here's What Happened

StorageVault Canada Inc. (TSE:SVI - Get Free Report)'s share price was down 2.3% during trading on Friday . The stock traded as low as C$3.90 and last traded at C$3.90. Approximately 2,224,370 shares traded hands during trading, an increase of 356% from the average daily volume of 487,454 shares. The stock had previously closed at C$3.99.

Wall Street Analyst Weigh In

SVI has been the subject of several recent research reports. Desjardins lowered StorageVault Canada from a "moderate buy" rating to a "hold" rating in a report on Thursday, October 24th. Cibc World Mkts raised StorageVault Canada to a "hold" rating in a research note on Tuesday, December 17th.

StorageVault Canada Stock Down 2.3 %

The company's 50-day simple moving average is C$4.02 and its 200 day simple moving average is C$4.48. The company has a market capitalization of C$1.46 billion, a P/E ratio of -48.75 and a beta of 0.89.

StorageVault Canada (TSE:SVI - Get Free Report) last issued its quarterly earnings data 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 business had revenue of C$78.96 million during the quarter.

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.