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

StorageVault Canada (TSE:SVI) was upgraded by investment analysts at Cibc World Mkts to a “hold” rating in a report released on Tuesday,Zacks.com reports.

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

StorageVault Canada Trading Down 3.0 %

SVI opened at C$3.88 on Tuesday. The stock has a market capitalization of C$1.45 billion, a P/E ratio of -48.50 and a beta of 0.89. StorageVault Canada has a 12-month low of C$3.82 and a 12-month high of C$5.50. The stock has a 50-day moving average price of C$4.19 and a 200-day moving average price of C$4.56.

StorageVault Canada (TSE:SVI) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported C($0.02) 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 company 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.