StorageVault Canada (TSE:SVI) Stock Price Down 2.3% – Time to Sell?

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

Analyst Ratings Changes

A number of research firms recently weighed in on SVI. Cibc World Mkts raised StorageVault Canada to a “hold” rating in a report on Tuesday, December 17th. Desjardins cut StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th.

StorageVault Canada Price Performance

The business has a 50-day moving average of C$4.02 and a 200-day moving average of C$4.48. The firm has a market cap of C$1.46 billion, a price-to-earnings ratio of -48.75 and a beta of 0.89.

StorageVault Canada (TSE:SVI) last released 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 company had revenue of C$78.96 million during the quarter. StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%.

About StorageVault Canada

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.