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

StorageVault Canada Inc. (TSE:SVI) traded down 2.3% during mid-day trading on Friday . The stock 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.

Wall Street Analysts Forecast Growth

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

StorageVault Canada Stock Down 2.3 %

The stock has a market capitalization of C$1.46 billion, a price-to-earnings ratio of -48.75 and a beta of 0.89. The business has a 50-day simple moving average of C$4.02 and a two-hundred day simple moving average of C$4.48.

StorageVault Canada (TSE:SVI) last released its earnings results on Wednesday, October 23rd. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.06 by C($0.08). The firm had revenue of C$78.96 million during the quarter. StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%.

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.