StorageVault Canada (CVE:SVI) Hits New 52-Week High at $6.06

StorageVault Canada Inc. (CVE:SVI) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$6.06 and last traded at C$5.99, with a volume of 163705 shares. The stock had previously closed at C$5.76.

Several brokerages recently issued reports on SVI. Cormark increased their target price on shares of StorageVault Canada from C$5.25 to C$6.40 in a research note on Monday, August 9th. Scotiabank increased their target price on shares of StorageVault Canada from C$5.00 to C$6.25 in a research note on Tuesday, August 10th. TD Securities raised their price objective on shares of StorageVault Canada from C$5.50 to C$6.50 and gave the company a “hold” rating in a research note on Tuesday, August 10th. Canaccord Genuity raised their price objective on shares of StorageVault Canada from C$5.00 to C$6.00 in a research note on Friday, August 6th. Finally, Raymond James raised their price objective on shares of StorageVault Canada from C$5.25 to C$6.50 and gave the company an “outperform” rating in a research note on Monday, August 9th.

The company has a quick ratio of 1.72, a current ratio of 2.20 and a debt-to-equity ratio of 681.90. The business’s 50-day moving average is C$5.30 and its two-hundred day moving average is C$4.81. The company has a market capitalization of C$2.23 billion and a P/E ratio of -63.05.

StorageVault Canada (CVE:SVI) last released its quarterly earnings results on Thursday, August 5th. The company reported C($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.01 by C($0.03). The company had revenue of C$51.70 million for the quarter, compared to the consensus estimate of C$44.90 million. Analysts predict that StorageVault Canada Inc. will post -0.09 EPS for the current year.

StorageVault Canada Company Profile (CVE:SVI)

StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages 45 stores owned by third parties; and stores, shreds, and manages documents and records for customers.

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