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

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Raymond James upgraded shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. CIBC decreased their target price on shares of StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday, February 24th. Cibc World Mkts upgraded shares of StorageVault Canada to a “hold” rating in a research report on Tuesday, December 17th. Scotiabank decreased 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, Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and cut their price target for the company from C$5.00 to C$4.50 in a report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$5.47.

StorageVault Canada Stock Up 1.0 %

The company has a market capitalization of C$1.44 billion, a PE ratio of -28.46 and a beta of 0.89. The business’s 50 day simple moving average is C$3.87 and its 200 day simple moving average is C$4.21.

StorageVault Canada Cuts Dividend

The company also recently disclosed 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. This represents a $0.01 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Monday, March 31st. StorageVault Canada’s dividend payout ratio is presently -7.28%.

Insider Buying and Selling at StorageVault Canada

In other news, insider StorageVault Canada Inc. acquired 50,000 shares of StorageVault Canada stock in a transaction on Friday, January 17th. The stock was bought at an average cost of C$3.95 per share, with a total value of C$197,440.00. Insiders own 38.49% of the company’s stock.

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.