StorageVault Canada (TSE:SVI) Sets New 12-Month Low – What’s Next?

StorageVault Canada Inc. (TSE:SVI)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as C$4.15 and last traded at C$4.16, with a volume of 203688 shares trading hands. The stock had previously closed at C$4.19.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on SVI. National Bank Financial upgraded StorageVault Canada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 17th. Desjardins cut shares of StorageVault Canada from a “moderate buy” rating to a “hold” rating in a research report on Thursday.

StorageVault Canada Trading Down 0.2 %

The business’s 50-day simple moving average is C$4.83 and its two-hundred day simple moving average is C$4.75. The company has a market capitalization of C$1.56 billion, a PE ratio of -52.38 and a beta of 0.89.

StorageVault Canada (TSE:SVI) last released its quarterly earnings results on Wednesday, October 23rd. The company reported C($0.02) EPS for the quarter, missing the consensus estimate 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 business had revenue of C$78.96 million during the quarter.

StorageVault Canada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a dividend of $0.292 per share. This is a boost from StorageVault Canada’s previous quarterly dividend of $0.29. This represents a $1.17 annualized dividend and a dividend yield of 27.94%. The ex-dividend date of this dividend was Friday, September 27th. StorageVault Canada’s dividend payout ratio is -12.50%.

About StorageVault Canada

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.