StorageVault Canada (TSE:SVI) Raised to “Hold” at Cibc World Mkts

StorageVault Canada (TSE:SVI) was upgraded by Cibc World Mkts to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

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

StorageVault Canada Stock Performance

Shares of SVI opened at C$3.88 on Tuesday. The business’s fifty day moving average is C$4.19 and its 200-day moving average is C$4.56. The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of -48.50 and a beta of 0.89. StorageVault Canada has a 52-week low of C$3.82 and a 52-week high of C$5.50.

StorageVault Canada (TSE:SVI) last issued 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). StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%. The firm had revenue of C$78.96 million during the quarter.

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.