Clairvest Group (TSE:CVG) Share Price Passes Above 50 Day Moving Average – Should You Sell?

Clairvest Group Inc. (TSE:CVG)’s stock price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$76.35 and traded as high as C$78.00. Clairvest Group shares last traded at C$78.00, with a volume of 550 shares traded.

Clairvest Group Price Performance

The company has a debt-to-equity ratio of 0.53, a current ratio of 19.89 and a quick ratio of 2.73. The stock has a 50 day moving average price of C$76.35 and a two-hundred day moving average price of C$74.51. The firm has a market capitalization of C$1.04 billion, a price-to-earnings ratio of 9.70 and a beta of 0.16.

Clairvest Group (TSE:CVG) last announced its earnings results on Thursday, June 25th. The company reported C$4.56 EPS for the quarter. The company had revenue of C$99.50 million during the quarter. Clairvest Group had a return on equity of 9.03% and a net margin of 57.92%.

Clairvest Group Dividend Announcement

The firm also recently disclosed an annual dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 24th were issued a $0.10 dividend. The ex-dividend date was Friday, July 3rd. This represents a dividend yield of 13.0%. Clairvest Group’s payout ratio is 1.24%.

About Clairvest Group

Clairvest Group Inc is a Canadian equity investment firm. The company invests in and partners with the management teams of business that have the potential to create average returns in their respective industries. Clairvest contributes financing and strategic expertise to support the growth and development of its investee companies in order to create realizable value for all shareholders. It invests its own capital into entrepreneurial corporations.