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

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

Analyst Ratings Changes

A number of research analysts have recently commented on SVI shares. Desjardins cut StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note 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 price-to-earnings ratio of -48.75 and a beta of 0.89. The stock has a fifty day moving average of C$4.02 and a two-hundred day moving average of C$4.48.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings data 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 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.