StorageVault Canada (TSE:SVI) Shares Up 4.9%

StorageVault Canada Inc. (TSE:SVI)’s share price rose 4.9% during mid-day trading on Friday . The stock traded as high as C$4.78 and last traded at C$4.73. Approximately 212,631 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 250,510 shares. The stock had previously closed at C$4.51.

Analysts Set New Price Targets

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

StorageVault Canada Stock Up 4.9 %

The firm has a fifty day simple moving average of C$4.65 and a 200-day simple moving average of C$4.88. The company has a market cap of C$1.76 billion, a PE ratio of -59.13 and a beta of 0.88.

StorageVault Canada (TSE:SVI) last released its quarterly earnings results on Wednesday, July 24th. 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). 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$74.11 million for the quarter.

StorageVault Canada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 24.52%. This is a boost from StorageVault Canada’s previous quarterly dividend of $0.00. The ex-dividend date was Friday, June 28th. StorageVault Canada’s payout ratio is presently -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.