StorageVault Canada (TSE:SVI) Hits New 1-Year Low - Here's What Happened

StorageVault Canada Inc. (TSE:SVI - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$4.15 and last traded at C$4.16, with a volume of 203688 shares traded. The stock had previously closed at C$4.19.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SVI shares. Desjardins cut shares of StorageVault Canada from a "moderate buy" rating to a "hold" rating in a report on Thursday. National Bank Financial upgraded StorageVault Canada from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 17th.

StorageVault Canada Stock Down 1.0 %

The company has a fifty day moving average of C$4.83 and a two-hundred day moving average of C$4.75. The stock has a market capitalization of C$1.55 billion, a price-to-earnings ratio of -51.88 and a beta of 0.89.

StorageVault Canada (TSE:SVI - Get Free Report) last released its earnings results on Wednesday, October 23rd. The company reported C($0.02) EPS for the quarter, missing the consensus estimate 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 firm had revenue of C$78.96 million during the quarter.

StorageVault Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a $0.292 dividend. This represents a $1.17 dividend on an annualized basis and a yield of 28.14%. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from StorageVault Canada's previous quarterly dividend of $0.29. StorageVault Canada's payout ratio is currently -12.50%.

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.