StorageVault Canada (TSE:SVI) Stock Price Up 1.7% – Time to Buy?

StorageVault Canada Inc. (TSE:SVI) traded up 1.7% during mid-day trading on Thursday . The stock traded as high as C$4.15 and last traded at C$4.14. 502,991 shares changed hands during mid-day trading, an increase of 68% from the average session volume of 299,780 shares. The stock had previously closed at C$4.07.

Wall Street Analysts Forecast Growth

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

StorageVault Canada Price Performance

The company has a market cap of C$1.54 billion, a PE ratio of -51.75 and a beta of 0.89. The business has a 50 day moving average of C$4.40 and a 200 day moving average of C$4.60.

StorageVault Canada (TSE:SVI) last announced its earnings results 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). StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%. The company had revenue of C$78.96 million for the quarter.

StorageVault Canada Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were given a $0.292 dividend. The ex-dividend date of this dividend was Friday, September 27th. This represents a $1.17 annualized dividend and a dividend yield of 28.21%. This is a positive change from StorageVault Canada’s previous quarterly dividend of $0.29. StorageVault Canada’s dividend payout ratio is currently -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.