StorageVault Canada (TSE:SVI) Shares Up 1.7% – What’s Next?

Posted by Ed Jones on Dec 7th, 2024

StorageVault Canada Inc. (TSE:SVI – Get Free Report) shares were up 1.7% on Thursday . The company traded as high as C$4.15 and last traded at C$4.14. Approximately 502,991 shares traded hands during trading, an increase of 68% from the average daily volume of 299,780 shares. The stock had previously closed at C$4.07.

Analyst Upgrades and Downgrades

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

Read Our Latest Stock Report on SVI

StorageVault Canada Trading Down 3.1 %

The company has a market capitalization of C$1.50 billion, a PE ratio of -50.13 and a beta of 0.89. The company’s 50 day moving average price is C$4.36 and its 200-day moving average price is C$4.59.

StorageVault Canada (TSE:SVI – Get Free Report) last posted its quarterly 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 firm had revenue of C$78.96 million for the quarter. StorageVault Canada had a negative net margin of 9.49% and a negative return on equity of 14.77%.

StorageVault Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.292 per share. This represents a $1.17 dividend on an annualized basis and a yield of 29.13%. This is a boost from StorageVault Canada’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, September 27th. StorageVault Canada’s dividend payout ratio is -12.50%.

StorageVault Canada Company Profile

(Get Free Report)

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.