StorageVault Canada (CVE:SVI) Trading Down 0.7%

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Shares of StorageVault Canada Inc (CVE:SVI) fell 0.7% on Wednesday . The company traded as low as C$2.90 and last traded at C$2.93, 38,028 shares were traded during mid-day trading. A decline of 83% from the average session volume of 219,839 shares. The stock had previously closed at C$2.95.

Separately, Raymond James set a C$3.50 target price on StorageVault Canada and gave the company a “strong-buy” rating in a report on Thursday, May 16th.

The firm’s fifty day simple moving average is C$2.89. The firm has a market capitalization of $1.07 billion and a PE ratio of -40.69. The company has a current ratio of 2.96, a quick ratio of 2.28 and a debt-to-equity ratio of 292.58.

StorageVault Canada (CVE:SVI) last announced its quarterly earnings results on Wednesday, May 15th. The company reported C($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.03 by C($0.06). The firm had revenue of C$26.22 million during the quarter, compared to the consensus estimate of C$27.70 million. On average, equities analysts forecast that StorageVault Canada Inc will post -0.03 earnings per share for the current year.

About StorageVault Canada (CVE:SVI)

StorageVault Canada Inc engages in owning, managing, and renting self-storage and portable storage space to individual and commercial customers in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company is also involved in the management of stores owned by third parties.

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