StorageVault Canada (TSE:SVI) Reaches New 52-Week Low – Here’s What Happened

StorageVault Canada Inc. (TSE:SVI)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$3.95 and last traded at C$3.95, with a volume of 5800 shares. The stock had previously closed at C$3.97.

Analyst Ratings Changes

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

StorageVault Canada Stock Down 1.8 %

The stock’s 50 day moving average price is C$4.63 and its two-hundred day moving average price is C$4.67. The stock has a market cap of C$1.43 billion, a price-to-earnings ratio of -48.00 and a beta of 0.89.

StorageVault Canada (TSE:SVI) last released its quarterly earnings data 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 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 annualized dividend and a yield of 30.42%. The ex-dividend date was Friday, September 27th. This is a positive change from StorageVault Canada’s previous quarterly dividend of $0.29. StorageVault Canada’s dividend payout ratio (DPR) is currently -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.