StorageVault Canada (TSE:SVI) Stock Price Up 1% – Time to Buy?

Shares of StorageVault Canada Inc. (TSE:SVI) rose 1% on Wednesday . The company traded as high as C$3.92 and last traded at C$3.91. Approximately 382,909 shares traded hands during trading, an increase of 1% from the average daily volume of 378,722 shares. The stock had previously closed at C$3.87.

Analyst Upgrades and Downgrades

SVI has been the topic of a number of recent research reports. Raymond James raised shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. CIBC reduced their price target on shares of StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday, February 24th. Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and reduced their price target for the company from C$5.00 to C$4.50 in a research report on Monday, February 24th. Scotiabank reduced their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a research report on Thursday, January 30th. Finally, Cibc World Mkts raised shares of StorageVault Canada to a “hold” rating in a research report on Tuesday, December 17th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$5.47.

StorageVault Canada Price Performance

The stock has a market capitalization of C$1.44 billion, a price-to-earnings ratio of -28.46 and a beta of 0.89. The firm’s fifty day moving average is C$3.87 and its 200-day moving average is C$4.21.

StorageVault Canada Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 annualized dividend and a yield of 0.30%. StorageVault Canada’s payout ratio is -7.28%.

Insider Buying and Selling at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. bought 50,000 shares of the stock in a transaction on Friday, January 17th. The stock was purchased at an average price of C$3.95 per share, for a total transaction of C$197,440.00. 38.49% of the stock is owned by insiders.

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.