StorageVault Canada (TSE:SVI) Sets New 1-Year Low – What’s Next?

Shares of StorageVault Canada Inc. (TSE:SVI) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$3.95 and last traded at C$3.95, with a volume of 5800 shares. The stock had previously closed at C$3.97.

Analysts Set New Price Targets

Separately, Desjardins lowered StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research note on Thursday, October 24th.

StorageVault Canada Stock Performance

The company has a 50 day moving average of C$4.63 and a 200 day moving average of C$4.67. The stock has a market capitalization of C$1.43 billion, a price-to-earnings ratio of -48.00 and a beta of 0.89.

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

StorageVault Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a $0.292 dividend. This is an increase from StorageVault Canada’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.17 dividend on an annualized basis and a yield of 30.42%. StorageVault Canada’s dividend payout ratio is presently -12.50%.

StorageVault Canada Company Profile

StorageVault Canada Inc owns, manages, and rents 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 manages various stores owned by third parties; and stores, shreds, and manages documents and records for customers.