Desjardins Lowers StorageVault Canada (TSE:SVI) to Hold

StorageVault Canada (TSE:SVI) was downgraded by stock analysts at Desjardins from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Thursday, Zacks.com reports.

Separately, National Bank Financial upgraded StorageVault Canada from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 17th.

StorageVault Canada Trading Down 6.9 %

TSE SVI opened at C$4.19 on Thursday. StorageVault Canada has a 12 month low of C$3.90 and a 12 month high of C$5.50. The stock has a 50 day moving average of C$4.83 and a 200-day moving average of C$4.76. The company has a market cap of C$1.56 billion, a PE ratio of -52.38 and a beta of 0.89.

StorageVault Canada (TSE:SVI) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported C($0.02) earnings per share (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 firm had revenue of C$78.96 million for 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.