StorageVault Canada (TSE:SVI) Trading Down 2.3% – Should You Sell?

StorageVault Canada Inc. (TSE:SVI)’s share price fell 2.3% on Friday . The stock traded as low as C$3.90 and last traded at C$3.90. 2,224,370 shares were traded during trading, an increase of 356% from the average session volume of 487,454 shares. The stock had previously closed at C$3.99.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SVI. Desjardins cut StorageVault Canada from a “moderate buy” rating to a “hold” rating in a report on Thursday, October 24th. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th.

StorageVault Canada Price Performance

The firm has a market capitalization of C$1.46 billion, a PE ratio of -48.75 and a beta of 0.89. The stock has a 50-day moving average price of C$4.02 and a 200-day moving average price of C$4.48.

StorageVault Canada (TSE:SVI) last announced its 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). The business had revenue of C$78.96 million for the quarter. StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%.

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.